IMPORTANT: Connecticut Has a New Property Condition Disclosure Form

As of January 10, 2012, The Connecticut Commission of Consumer Protection has adopted a new Property Condition Disclosure Form. Click here to see the new form.

Under Conn. Gen. Statutes 20-327b the sellers of residential real estate are required to provide all buyers with a written disclosure report, unless the transfer is exempted under the statue.  If the seller fails to provide the report they shall give the purchaser a credit of $300.00 at closing.

The new form includes information regarding flood hazards, results of water tests, hazardous waste, village and historic districts and makes a number of clarifying and informative revisions to the previous form.

Make the best choice for your home purchase, sale and refinance closing needs.
Contact The Law Office of Only Closings! Visit our website at www.onlyclosings.com or call us at (203) 581-1712.

The weekly Tip-of-the-Week* is supplied by Only Closings --

a law firm devoted to real estate closings.

      - Our closing staff is made up of seasoned, experienced real estate attorneys.
      - Close where it is most convenient for the client (home, office, job or bank)
      - Very competitive closing fee and no hidden fees!
      - No fee consultations.
      - Personalized, responsive service from all of our attorneys and paralegals

  To learn more about Only Closings and how they can help you quickly close a property transaction, call them at 203-563-9677 or visit them online at www.OnlyClosings.com

*The content within the "Tip-of-the-Week" is strictly for informational purposes and not intended to be interpreted and/or used as legal advice. Only Closings and OnlyClosings.com is a service provided by Tamara L. Peterson Attorney at Law LLC.

And a note From Judy: If you have a question about buying or selling Real Estate in Fairfield County, and are in need of an Realtor to represent you, I invite you to contact me, and if you have an idea for a topic that you would like to see on The CT Realty Blog, please include it in the "Post a Comment" section link below this post. We appreciate the feedback and look forward to providing you with the best real estate content, advice and service in Fairfield County, Connecticut.

 

Comments

[Sarah]

Oh, thanks for the heads up! I really appreciate it. Is the form downloadable.

[building consultants sydney]

Before deciding for any kind of building investment you go through property condition report which are normally done before contracts being signed. You get to know the hidden costs that may be associated with a property in regards to repairs that need to be carried out and can be a useful bargaining tool when it comes to price negotiations.The inspection should cover the interior and exterior of the building, the roof space, underfloor space, the exterior of the roof and the site itself.You should always use a suitably qualified person, such as a licensed builder, a surveyor or an architect to provide a professional building inspection report of the property you are thinking of buying. These professionals will know what to look for, and will see through any cosmetic improvements covering up faults that might otherwise be missed by an untrained eye.
For more information:-
http://www.buildingdilapidations.com.au/