Seller’s Real Property Disclosure Statement (SRPDS): Typically, within 7 days of an accepted offer the seller will provide the SRPDS. This is a standard document issued by the Hawaii Association Realtor which the seller will complete. It asks various questions and is meant for the seller to tell you everything there is to know about the property. Things that should be noted on the SRPDS would be if they had any leaks, assessments, when they replaced any appliances, or if they moved electrical. There are also basic questions such as what is their normal electricity bill, what kind of telephone or internet service they have, and when they were at the property last (if vacant or tenant occupied).
Seller’s disclosures vary greatly in their detail and both buyers and sellers agents cannot force a seller to be “more detailed” yet we can always ask follow up questions. If there was any work done that should have been done by a licensed contractor or if they needed permits for any major construction, we would want to follow up on those items. If the SRPDS is provided before your home inspection, we will forward it to the home inspector and they will make sure any past issues are not present or if they were corrected properly. You will typically have another 7 days to review and accept this document. If there are issues that are disclosed that cannot be corrected, then you may cancel during the SRPDS review period.
Examples of Seller Disclosure issues include:
Just as with the professional home inspection if there is an issue that arises from the Seller’s Disclosure Statement we may need to consult a 3rd party vendor to give their professional advice on potential issues.
Previous, Step 16: HOA Documents or CC&R's (Conditions, Covenants & Restrictions)
Next, Step 18: Building Permits
Joe is a realtor with Better Homes and Gardens Real Estate Advantage Realty. He majored in finance and has experience as a former mortgage loan originator. He has helped buyers both with new project loans and going through the process of applying and obtaining units in new projects. He uses his finance, mortgage, and real estate knowledge to help home buyers find the right properties to fit their needs. Contact Joe by phone or email at (808) 351-8394 or JoeC@BetterHawaii.com.
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