Buying a home in Kentucky
Kentucky requires home sellers to make precise disclosures to all potential buyers. These disclosure documents should state any known issues with the building or property, so buyers are fully informed about their purchase. The form on which to make those disclosures can be downloaded from the state government’s website. This law applies whether or not a broker or licensed agent is involved in the agreement. The disclosure form is broken down into 10 individual categories:- House Systems (including heating, plumbing, electric, etc)
- Foundation/Basement/Structure
- Roof
- Land & Drainage (is the property in a flood zone)
- Boundaries
- Water
- Sewer System (is there a septic tank system)
- Construction/Remodeling (Have there been any structural additions or changes made to the property?)
- Homeowners’ Association (will the owner will be made to comply to rules made by a homeowners’ association)
- Miscellaneous (any known environmental hazards such as asbestos or lead paint)