Summary
Highlights
The video introduces the purpose of the seller's disclosure form, a multi-page legal document that can be confusing for sellers. It stresses that realtors are not allowed to assist with its completion and advises marking 'unknown' if unsure, as providing false information can lead to complications.
Item 10 in the general information section requires disclosure of any professional inspections, such as from roofers, electricians, or foundation companies. Sellers must provide copies of these reports, even if they were from previous buyers whose contracts were terminated.
This section clarifies the term 'conveyed,' meaning items that transfer with the property to the buyer. It distinguishes between an attic fan (typically found in older homes, drawing air from the living space) and an exhaust fan (in bathrooms, laundry rooms, or kitchens). The video also covers fire detection equipment (smoke detectors, specifying electric, battery, or both) and other fire detection systems, as well as gas fixtures.
The speaker clarifies what constitutes an exhaust fan (bathroom/laundry room/kitchen hood) versus an attic fan. They also discuss fire detection equipment including smoke detectors (distinguishing between electric, battery, or both) and other fire detection systems beyond smoke detectors, along with gas fixtures like water heaters, stoves, or gas lanterns.
The difference between a hot tub (outside) and a jetted tub or spa (inside, within a bathroom) is explained. If a hot tub is part of a swimming pool, its condition should be disclosed under pool equipment rather than as a separate hot tub or spa.
Sellers need to disclose the condition of built-in microwaves, as they typically stay with the home, unlike countertop models. For shower enclosures and pans, the 'enclosure' refers to the walls surrounding the shower, and the 'pan' is the base one stands on, which can be fiberglass or tiled over a mud pan.
The video defines 'drains' as external systems, differentiating between underground French drains and visible surface area drains. Retaining walls, which separate properties at different elevations, are typically the responsibility of the higher-elevation home. All windows that open are required by code to have screens. The discussion on stucco highlights the importance of disclosing the type, especially older EIFS systems that have been linked to moisture issues. For roofing, 'overlay' refers to a new roof installed over an existing one.
Sellers must disclose above-ground (e.g., electrical lines) and below-ground (e.g., sprinkler systems, old filled-in pools) impediments to installing a swimming pool. The term 'ETJ' (extraterritorial jurisdiction) applies to properties outside city boundaries; checking with the county is advised for confirmation. LP (liquid propane) gas refers to the home's primary gas service, distinguishing between 'local' (personal tank) and 'captive' (neighborhood system). Municipal utility districts (MUDs) are private utility systems, and sellers should check with their city or county or review utility bills to determine if they are in one. Finally, smoke alarm compliance with Chapter 766 of the Texas Health and Safety Code is discussed, requiring residential structures to meet specific smoke detector standards when built or remodeled.