Washington State Home Purchase Sale Agreement

The D.C. law allows the purchaser to waive the disclosure form. RCW 64.06.010 (7). However, if the answer to a question in the “Environment” section of the disclosure form was “yes,” the buyer cannot waive the information. In addition, advertising obligations do not apply to certain transfers of real estate, including foreclosures or acts instead of enforced execution; Gifts between close family members transfers between spouses related to martial dissolution; Transfers for which the buyer had an interest in the property within two years of the date of the transfer; transfers of life courses or other interest below the levy; transfers by the personal representative of an estate or liquidator. RCW nr. 64.06.010 (1)- (6). The above discussion covers only a few of the necessary data. Sections 64.06.013, 64.06.015 and 64.06.020. (2) Property tax: The State of Washington levies a tax on the sale of real estate. The state tax rate is 0.0128%, although counties or municipalities may collect additional taxes. The tax applies to the seller, but the buyer can be held liable for the tax if it cannot be recovered by the seller. The tax is normally levied by the Landkreis on presentation of the sales documents for registration in the public records.

We charge a lump sum of USD 1,595 to represent the buyer or seller from the initial contract to the conclusion. If you need help developing or verifying a contract to purchase and sell real estate in Washington, D.C., or if you are looking for help at any time during your transaction, contact us today. (1) Real estate agents. The Washington statutes define the obligations of a real estate licensee to a buyer or seller. These statutory requirements of the Agency are defined in a brochure in the form prescribed under RCW 18.86.120. As in other jurisdictions, it can be problematic to have a real estate agent represent both buyer and seller and, in many cases, to constitute an insurmountable conflict of interest. If you sell your own home, it is possible to do so without a real estate agent. Our lawyers can design or verify your purchase and sale contract in Washington so that you understand what you are getting into. Our lawyers are here to answer any questions you may have throughout the transaction. Whether you want to buy a house with the help of a real estate agent or close the transaction yourself, we are here for you. We have helped hundreds of buyers navigate the buying process. The commercial property disclosure form must contain at least the information contained in the revised code of Section 64.06.013 of Washington.

Disclosure forms regarding un improved residential real estate and residential property improvement must contain information listed in sections 64.06.015 and 64.06.020. The seller must forward the information statement to the buyer within five business days of mutual acceptance of a contract for the sale of the property by the parties. The buyer then has three business days from the date the seller makes the disclosure statement to terminate the contract (unless the seller resolves the issue at least three business days from the deadline).