In Mississippi, sellers of residential property are required under Miss. Code § 89-1-501 et seq. to provide prospective buyers with a written disclosure statement as soon as reasonably possible. This disclosure is also known as the Property Condition Disclosure Statement.
Mississippi’s disclosure laws do not follow the principle of “caveat emptor,” or “let the buyer beware.” Instead, sellers are obligated to disclose all material defects and any other information that could impact the property's value to prospective buyers.
- Mississippi Property Condition Disclosure Statement (1- 4 units)
- Mississippi Unimproved Property Disclosure Statement (raw land / vacant lots)
- Federal Lead-Based Paint Disclosures and Pamphlet (if built before 1978)
You May Also Need to Complete One or More of These Disclosures:
What if I Am Selling the Home "As Is"?
Selling "As Is" is meant to indicate that you are not doing any repairs. It is not used as a way to avoid disclosing material defects that would not be discovered by the buyer.
What is a Material Defect?
Any defect that could affect a reasonable person’s decision to buy, sell, or lease is considered a material defect and must be disclosed to the parties in the transaction and any interested third parties. A broker is required by law to disclose to each prospective buyer any material defect or fact about a property of which broker is aware or should reasonably be aware, even if the seller chooses not to disclose such material fact or makes no representation concerning the matter.
Include Your Disclosures on Your MLS Listing
When you list your home on the MLS with homecoin.com for a low, one-time flat fee, we will upload your disclosures directly in your MLS listing, so you can easily comply with Mississippi law. Learn more about our flat fee MLS service here: https://homecoin.com/flat-fee-mls/mississippi
Where Can I Learn More?
Return to Forms and Disclosures
Comments
0 comments
Please sign in to leave a comment.