Is the SC Seller Disclosure Form Being Revised?

by | Nov 2, 2018 | Legal Tips

Last week I had the pleasure of attending a task force meeting lead by Real Estate Commissioner Janelle Mitchell. Commissioner Johnathan Stackhouse, Advice Counsel Gigi Lewis and Chief Administrator Rod Atkinson were also participants.

At the task force meeting two revisions were offered to the SC Seller Disclosure Form. First, due to recent legislation, state law now requires the Seller Disclosure Form to include information pertaining to mandatory homeowner associations (HOAs). While the current addendum to the Seller Disclosure contains questions pertaining to HOAs, the form itself now will contain an HOA section.

Secondly, there has been an influx of issues relating to the historic designation of certain neighborhoods. The designations often limit use and ownership. For example, some historically designated neighborhoods prevent the replacement of windows. Buyers should be notified by the Seller that the neighborhood has these types of restrictions.  As such, a question pertaining to this issue will be found in Section V.

Assuming the full Commission approves the proposed changes, the revised Seller Disclosure document will be available for use in the near future.

BLAIR CATO announces that the attorneys, closers and assistant closers can now receive and generate text messages from their direct dial numbers. We hope this will enhance your communication experience with our firm.

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