Standard Colorado Real Estate Disclosures, What Are They?
Most Colorado real estate transactions have a standard set up disclosures that are provided by the seller and disclose important facts about the home being sold. Below you will find a list of the most common disclosures. This is not an all-inclusive list, as some real estate firms require other disclosures.
Sellers Property Disclosure – This is an important disclosure from the seller as to the condition of the home and systems within. This form has 13 sections that range from the structural condition to environmental condition. This form should be analyzed thoroughly as it will give you clues on where to pay special attention with the inspections.
Lead Based Paint Disclosure – This disclosure will only be present if the home was built prior to January 1st, 1978. This form discloses any knowledge the seller has about the presence of lead passed paint in the home.
Square Footage Disclosure – This is a disclosure that is made to the Buyer and Seller with regard to the square footage being represented for marketing purposes. The disclosure requires the listing broker to disclose where the square footage measurement comes from.
Closing Instructions – This form identifies who will be conduction the closing and the fees associated with the closing services. The form also includes instructions for the closing company and how conduct the closing.
Source of Water Disclosure – This form discloses the water provider for the property with contact information.