State Laws
Buyer Beware – Texas property code states that when selling a property consisting of a single-family residence, the seller must disclose material defects to the buyer.
A buyer of a multi-family property does not have the same protection. Therefore, the buyer should conduct a full inspection before purchasing as any defects discovered “after the fact” are their responsibility.[1]
Required Disclosures (3)
Lead-Based Paint Disclosure – Sellers must provide buyers with this disclosure when selling any property built before 1978. This document reveals to the buyer information regarding the existence of lead paint in the residence.
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Property Located Seaward of the Gulf Intracoastal Waterway Disclosure – For property located seaward of the Gulf Intracoastal Waterway.[2]
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Seller’s Disclosure Notice – If selling a single-dwelling property, the seller must use this disclosure to inform the buyer of damages to the property. Buyers must receive this disclosure on or before the date the residential purchase agreement is signed by both parties.[1]
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