In Texas, sellers are required by The Texas Property Code to provide a disclosure to the prospective buyer of any know material defects. Texas Association of Realtors provides a form your REALTOR will have available. In Austin, the Austin Board of Realtors also has a form.
There are some exemptions found in Section 5.008. New home builders, trustees or executors of estates and banks with foreclosures are not required to provide a sellers disclosure but they are still required to disclose any know material defects. Relocation companies are not exempt.
Robin Scott, Broker, Certified Residential Specialist, Accredited Buyer's Representative, Seller's Representative Specialist.
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Showing posts with label broker. Show all posts
Showing posts with label broker. Show all posts
Tuesday, September 9, 2008
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