The Connecticut residential real estate purchase agreement (“residential sale agreement”) outlines the terms of a potential buyer’s offer to purchase residential property. In the agreement, the buyer will provide the monetary amount they are offering, how they plan on paying if the offer is accepted, and the offer’s expiration date.
Required Seller Disclosures in Connecticut
Residential real estate purchase agreements normally contain promises and provisions guaranteeing a property’s condition. In some states, sellers are required to provide additional documentation guaranteeing the property’s condition. While other states require the seller to disclose a specific type of issue on the property—such as a material defect. In Connecticut, you will also need to complete the following paperwork in addition to the purchase agreement:
Residential Property Disclosure Statement. In Connecticut, sellers of a residential property are urged to complete this disclosure form and present it to any potential buyer. (§ 20-327b)