Effective January 1, 2013, several changes were made to the Seller Property Disclosure. This is a required disclosure statement that sellers of residential real estate in South Carolina will provide to buyers prior to signing a contract of sale. The disclosure has not been changed since 2003.
“We are proud of the large participation of our agents to stay informed and to understand the changes that take place within the real estate market,” says Penny Benton, Director of Education and Training for ERA Wilder Realty, “It is important for our agents to inform and protect their clients of all changes which take place within our industry. We are able to do that through our partnership with many local industry experts.”
McDonnell and Associates, PA has partnered with ERA Wilder Realty to successfully advise clients in real estate transactions involving the purchase, sale or refinance of a home or commercial real estate property. With a statewide network of title searchers and traveling attorneys, McDonnell is able to complete a real estate transaction anywhere in South Carolina. The attorneys and entire staff has experiene with the complete closing process including title work, title insurance, and settlement.
Key changes to the disclosure statement include places that allow for attachments and additional explanation if necessary. The statement has changed from a four to a five page document and requires the seller to provide many more details regarding the condition of the home.