Showing posts from December 8, 2013

JUST SOLD! Congrats Linda & Lee!!

Who is exempt?? The sellers disclosure!

The Seller Disclosure (Form 17) is a required document when transferring real estate in Washington State.  The Form 17 is a document straight from the folks in Olympia (not the Multiple Listing Service).  So, the questions and requirements are set forth by government through the Revised Code of Washington (RCW).
With few exceptions, Sellers are required to complete a Form 17.  If the Buyer does not receive a Form 17 that Buyer can walk away from the transaction any time prior to closing without penalty.
There are a few exemptions in RCW 64.06.010
Application — Exceptions for certain transfers of real property. This chapter does not apply to the following transfers of real property: (1) A foreclosure or deed-in-lieu of foreclosure; (2) A gift or other transfer to a parent, spouse, domestic partner, or child of a transferor or child of any parent, spouse, or domestic partner of a transferor; (3) A transfer between spouses or between domestic partners in connection with a marital d…