A Nebraska property disclosure statement is used during real estate transfers to document a property’s condition and bring any faults or adverse facts to the attention of an interested buyer. The completed form will describe the condition of a property and its components (such as appliances and water, electrical, heating, cooling, and sewage systems), and inform the buying party of any fees or restrictions which may apply to the new owner. Additional information that may cause a buyer to withdraw a purchase offer can be entered into the form to avoid future legal disputes and as a measure of good faith by the owner.
By signing the form, the prospective buyer acknowledges that the information included in the disclosure is relayed to the owner’s best knowledge and does not offer any warranty or guarantee.
Laws – § 76 2,120(2)
Purchase Agreement – Before signing a purchase agreement, the seller may also need to provide the buyer with information on living in a Sanitary and Improvement District, and disclose the existence of lead-based paint on the premises.