Las Vegas Seller's Real Property Disclosure
"SRPD"

A significant change in Las Vegas, Nevada Law was made in 1996 requiring every homeowner who is transferring real property to present a written Las Vegas Sellers Real Property Disclosure to the buyer for his/her review, whether he is represented by a realtor or not

This law further requires the Las Vegas home buyer to have this form in his possession no less than 10 days prior to the close of escrow. The Sellers Real Property Disclosure is the owner's written testimonial containing 2 pages of questions pertaining to the condition and status of the Las Vegas property being sold. The form is completed by the owner who is instructed to answer in a truthful manner to the best of their ability.

Las Vegas home sellers are subject to a significant penalty if they do not answer in a truthful manner. If the buyer discovers that the seller lied and can prove it prior to the close of escrow, the seller would suffer the consequences and could be held responsible for up to three times the cost for any repairs in question.

If you are planning to relocate in the Las Vegas area, contact us for a prompt response to any questions you may have about the Las Vegas Seller's Real Property Disclosure or other issues involved in your move to Las Vegas. We invite you to visit our website to view updated daily listings of Las Vegas homes at Free Las Vegas Homes MLS Search
 


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