The rules around use of the BC Property Disclosure Statement (PDS Form) have changed and how, when and why you use it (or don’t use it).
The Property Disclosure Statement (PDS) is a form in which sellers disclose facts about the condition of the property. This form is important for buyers as it provides them with information about the property that the seller is aware of including any material latent defects (serious defects that are not commonly discoverable during an inspection). Disclosure of all known issues in the PDS allows the buyer the opportunity to do additional due diligence that they may not have done had they not been made aware of the issues.
In this video, Surrey REALTOR® Steve Karrasch of Macdonald Realty walks through the latest guidance from the BCREA to agents with regards to the BC Property Disclosure Statement Form and what your agent is now obligated to disclose, specifically when it comes to material latent defects.
Book A Call with Steve: https://calendly.com/stevekarrasch
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The Property Disclosure Statement (PDS) is a form in which sellers disclose facts about the condition of the property. This form is important for buyers as it provides them with information about the property that the seller is aware of including any material latent defects (serious defects that are not commonly discoverable during an inspection). Disclosure of all known issues in the PDS allows the buyer the opportunity to do additional due diligence that they may not have done had they not been made aware of the issues.
In this video, Surrey REALTOR® Steve Karrasch of Macdonald Realty walks through the latest guidance from the BCREA to agents with regards to the BC Property Disclosure Statement Form and what your agent is now obligated to disclose, specifically when it comes to material latent defects.
Book A Call with Steve: https://calendly.com/stevekarrasch
DOWNLOAD Our *FREE* Home Buyer's Guide: https://tinyurl.com/cn6u4sd9
Follow my weekly real estate podcast https://www.youtube.com/c/thetomstoreyshow
*** Start Your Mortgage Application Today***
CITY WIDE Mortgage Services: https://mtgapp.scarlettnetwork.com/KR_Properties/home
*** Need Home and Property Insurance? ***
Use the company I use! SQUARE ONE:
Tenants, Landlords and Home Owners Save $20 with Square One Insurance using this link: https://www.squareone.ca/karrasch?offer_code=KARRASCH
Are you a REALTOR®? Want to learn how to level up your business?
Learn how to improve your message with the #1 Real Estate Video Course or my YouTube Course for Real Estate
*** https://videocourselogin.com/ ***
DISCOUNT CODE: Steve10
Subscribe To The Tom Storey Show Podcast with Steve and Tom:
YouTube: https://www.youtube.com/channel/UCse8VG5r3C9O9S7W6-p5sNg
Spotify: https://open.spotify.com/show/7wEEPUUhaC8g2CsIwJetbd
Apple Podcast: https://podcasts.apple.com/ca/podcast/the-tom-storey-show-with-steve-tom/id1627632474
My Video Gear:
Microphone: https://amzn.to/48o54pR
Interview Microphones: https://amzn.to/3nzryhx
Over Ear Headphones: https://amzn.to/3NQvmHz
Studio Lights: https://amzn.to/3r8uLoY
Ring Light: https://amzn.to/3BWOaST
Mobile Light: https://amzn.to/40nlfBO
Wall Mount Boom: https://amzn.to/3fjtaHq
Teleprompter: https://amzn.to/4hsRMMX
Teleprompter Screen: https://amzn.to/3qef54m
Zoom Podcast Recorder: https://amzn.to/3r8uLoY
Power Supply: https://amzn.to/3qYpe4o
USBC Hub: https://amzn.to/3YsFn2E