Four Years of “Written Assessments” Now Required – An Update to the Seller’s Disclosure Notice TXR1406 –

This summer the Seller’s Disclosure Notice TXR1406, a required form for most single-family home sellers, received some big updates. I want to highlight one major update and how it will affect you when you go to sell your home. The updated Texas Realtors Seller’s Disclosure Notice form asks sellers, that are not exempt, of single-family homes to provide a written disclosure detailing the known condition of the property including any written inspections or assessments received in the past four years. Section 11 of TXR1406 asks the seller if they have received any written inspection reports from a licensed or permitted...