Form 17

Someone suggested that I talk about the Seller Disclosure form.

What is the Form 17 Seller Disclosure

In the State of Washington all sellers must provide a list of disclosures to potential buyers…even if it is a private sale that does not involve a real estate agent.  The MLS has a special form which serves that purpose called the Form 17.   Usually the listing broker will have this available when the property is listed.

The buyer has 3 days to back out of the transaction from when they receive the Form 17.  A buyer making a competitive offer will sign the line where they acknowledge receipt of the Form 17 and also the line waiving the 3 day review period.

 

If the seller doesn’t give you the Form 17 until the day before closing…..then you still have 3 days to decide if you want to buy the property.