NRS 113.135 addresses disclosure requirements related to soil reports for newly constructed residential property. A soil report is typically prepared by a geotechnical engineer to assess the soil conditions on a lot or within a subdivision. These reports can reveal information about soil stability, potential expansion or contraction, and conditions that could affect the construction or long-term performance of the home.
What Other Important Information Do I Need If I'm Selling New Construction?
If the property being sold is new construction and the buyer has not occupied it for more than 120 days before the substantial completion of construction, the seller must provide this disclosure at the time the sales agreement is signed.
The seller must notify the buyer of any soil report that has been prepared for the specific property or for the subdivision.
If the buyer requests copies of the soil reports in writing within five days of signing the sales agreement, the seller must provide them at no cost within five days of receiving the request.
After receiving all requested soil reports, the buyer has 20 days to rescind (cancel) the sales agreement if they choose. However, this right can be waived only in writing.
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 Nevada law. Learn more about our flat fee MLS service HERE.
Comments
0 comments
Please sign in to leave a comment.