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  Selling Disclosures > The Transaction

 Basic Facts

 The Transaction

 Major Items

Inspection paragraph.

Paragraph 10 of the Colorado Real Estate Commission-approved Contract to Buy and Sell Residential Real Estate form allows for the buyer to inspect the property within a given time (Objection Deadline) and for buyer and seller to agree by a given time (Resolution Deadline) on repairs, if any, to be completed by closing. Buyer's inspection rights are virtually unlimited under this provision.

Sellers Property Disclosure form

The Seller must complete a Colorado Real Estate Commission-approved form, called a Seller's Property Disclosure, that asks seller about appliances, electrical/plumbing/heating systems, roof and site conditions. Buyer receives a copy of this form and may rely on seller's representations in determining whether property condition is satisfactory.

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