If you are considering selling your existing home in Tennessee, then you should be aware that you must disclose any and all defects with your home on the Tennessee Residential Property Condition Disclosure Form. Gone are the days of buyer beware when it comes to real estate transactions. Failure to disclosure known items that are not working properly, or items that are defective can be very costly in Tennessee. If a seller has had an ongoing problem with their home and fails to disclose this to the buyer on the Property Condition Disclosure, then legal action can be taken against them. Intentioanlly failing to disclose defects in a home is not a smart move by any home seller!

If you are a buyer, and are considering purchasing a new home in Tennessee, then it is required that you receive, review, and sign a Tennessee Property Condition Disclosure Form that has been completed and signed by the seller. By signing this disclosure form, you are acknowledging and accepting any known defects that the seller has disclosed with the home. If the seller has provided a fraudulent Property Condition Disclosure Form for your signature, it can also be used against them if legal action if required.

The Tennessee Property Condition Disclosure Form is there to protect everyone involved in a real estate transaction. However, if you are a buyer purchasing an existing home, keep in mind that the seller is required to disclose known defects with the home. In other words, you should always insist on having a home inspection completed on the property as a condition to your purchasing the home. Many problems that a home inspector finds during the course of a home inspection were hidden, or truly unknown by the seller. After all, how often do most people scale their home and inspect their roof, crawl through their crawl space, or check all their plumbing and electrical systems out? I certainly don't!

The Tennessee Residential Property Condition Disclosure Form is a valuable document for home buyers. Just don't make the mistake of thinking that this form replaces a home inspection completed by a licensed and bonded professional!

The newsletter download link to the right will allow you to download a complete and current copy of the Tennessee Residential Property Condition Dislcosure. If you have any questions about property disclosure, please feel free to call or email me anytime!