The Seller’s Statement of Property Condition Form: To Use or Not to Use?

Filling out real estate forms can be a daunting task. They can be long, complicated and require lots of signatures. But forms have a purpose, of course. They also tend to make transactions run smoother, especially digital forms that can be signed electronically and eliminate the hassle of scheduling in-person meetings. When working with a seller, there is one form which comes to mind that can do just that.

The Seller’s Statement of Property Condition is a standard form, but the state of Massachusetts does not require this form to be filled out as a part of a real estate transaction. So, it’s up to the individual company to decide if they are going to use it or not.

This eight-page form can be a wealth of information for buyers. Quite simply, the form details everything a homeowner may know or doesn’t know about the property during the time they have owned it. In this form, members will find questions about special permits, water damage and structural components, including heating, plumbing etc.

Many of the sellers complete the form by checking the third box, “unknown.” However, if sellers take time to fully complete this form, they could save a buyer the trouble of making an offer. In addition, it’s very difficult for a buyer to come back after a home inspection and ask a seller to provide credit for a repair if they were aware of the issue prior to an offer. The more one discloses, the less they have to deal with after.

Whether your company requires sellers to complete the Seller’s Statement of Property Condition or not, you should know that there is an easy way to access it through MAR’s website as a member benefit. One of the recent upgrades allows you to email the Seller’s Statement of Property Condition to a client and have it completed electronically. It works like electronic signature. Once the seller completes the form, the agent gets a notification that the form has been completed.

It’s nice to know that in today’s fast-paced world, even lengthy real estate forms can be completed quickly and painlessly.

For more information on your free access to zipLogix, the official forms software of the National Association of REALTORS®, as a member of the Massachusetts Association of Realtors® please visit the MAR forms page.

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zipLogix w_circlesNeed to brush up on your forms skills? ZipLogix has you covered with their online tools and tips to get you up and running.  There are plenty of live Online Training web training videos as well as prerecorded Training Videos that you can watch at your leisure. You can also browse FAQ’s and view form revisions by state.

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MAR FREE FORMS

MAR Free Forms are now being offered through the zipLogix electronic forms platform. The decision to switch to zipLogix was easy because of the fact that their product is superior in the marketplace and the MAR Board of Directors liked it as well.

ZipLogix’s zipForm® Plus uses a simplified transaction process where all the tools are easily and quickly accessible to make those “technical errors” a thing of the past. You’re also able to access zipLogix on the go, which means that you can use any mobile device to conduct your transactions. Check out the new forms here.

If you would prefer to continue using Form Simplicity, our previous Free Forms benefit provider, MassForms™ will remain available through the platform. For a minimal cost you can enjoy the product as you have currently used it. Click here for more information on Form Simplicity or feel free to visit MAR’s Member Benefits section.