The Delaware purchase agreement allows an individual to sell their home to another party. One party (typically the buyer) will use this form to propose the price and terms of sale. When the buyer and seller reach a mutually-satisfying agreement, they must sign the document to establish a legal contract.
Required Disclosures
Exempt Property Certificate (§ 2577) – Certain properties are exempt from the Seller’s Disclosure of Real Property Condition Report and Radon Disclosure. If your property falls under this category, you must complete the form linked in the title.
Lead-Based Paint Disclosure (42 U.S. Code § 4852d) – If the residence being sold was built before 1978, the seller is compelled to disclose any known information regarding lead paint that may be present in the home and also provide the buyer with an informational packet related to the hazardous material.
Radon (§ 2572A) – Seller must furnish the following form pertaining to radon contamination/testing.
Seller’s Disclosure of Real Property Condition Report (§ 2573) – When a prospective buyer makes an offer on a residential property, the seller or agent representing the seller is obligated to provide a completed copy of the report linked above concerning the property’s condition. This form also covers the following state-required disclosure:
- Material Defects (§ 2572)
Realtor Version
Sussex County Association of Realtors – PDF