There are certain disclosures for selling your home your Las Vegas home that you need to tell a buyer when selling your home. Selling your home involves a thorough process of disclosure to ensure buyers are fully informed about the property’s condition and history, all in compliance with specific statutory requirements. We understand the importance of transparency and adherence to Nevada real estate law to facilitate a fair and transparent transaction between sellers and buyers.
Nevada Disclosures Requirements
In Nevada, sellers are required to disclose various aspects of the property, including but not limited to:
- Structural defects
- Pest infestations
- Neighborhood noise levels
- Lead-based paint presence (for houses built before 1978)
- Details about property liens and Homeowners Associations (HOA)
Key Points to Consider When Selling your Home in Las Vegas
- Understanding and fulfilling legal obligations in disclosures are crucial for maintaining transparency and honesty throughout the real estate process.
- Failure to disclose accurately can lead to legal penalties and damages to the buyer-seller relationship.
- Full compliance with Nevada’s real estate disclosure laws promotes trust between parties and minimizes legal complications.
What Should You Disclose?
- Structural defects, water damage, and mold must be disclosed to potential buyers.
- Sellers are encouraged to document all repairs and improvements, especially those done without permits.
- Pest control measures and ongoing litigation involving the property should also be revealed.
- Any future development around the home that you have been made aware of
What You Should Disclose When Selling a High Rise Condo?
Similar to selling a Single Family home, Condo, Land, or Townhome. All properties require disclosures for selling your home including a Sellers Real Property Disclosure Form to be filled out. It is always better to over disclose than to under disclose when selling a high rise in Las Vegas. If you thinking of buying a condo in Las Vegas we talk about it more in our blog.
Seller Real Property Disclosure Form a Disclosure Requirement
Our team ensures that sellers complete the Seller Real Property Disclosure Form meticulously, providing comprehensive information required by Nevada law. This form serves as a required disclosure of the property’s condition and any known issues that may affect its value or use adversely.
Other types of Nevada Disclosures include: Consent to Act, Duties Owed by a Nevada Real Estate Licensee, Supplemental List of Licensees Party to the Duties Owed By a Nevada Real Estate Licensee, Open Range Disclosure , Manufactured Home Disclosure.
Residential Disclosure Guide
We provide a Residential Disclosure Guide developed by the Department of Business and Industry—Nevada Real Estate Division. This guide increases consumer awareness and understanding of disclosures required during the sale or purchase of residential properties in Nevada. It covers various disclosures, including those related to real estate licensees, sellers, and buyers, ensuring a smooth and transparent real estate transaction.
For more information on disclosure requirements when selling your home in Las Vegas, NV, please contact us. We are committed to guiding you through the disclosure process with integrity and professionalism.
The Marks – Mark Minelli and Mark Reyes
Your Partner in Real Estate Transparency
