[WATCH VIDEO] "Las Vegas Residential Disclosure Requirements When Selling"

When selling a residential property in Las Vegas, there are specific requirements for what facts must be disclosed by a seller and when they must be disclosed.
Nevada Revised Statute 113.130 provides broad coverage of what these specific disclosure requirements are when selling a home.

At least 10 days before finalizing the sale of a residential property, a seller must provide to the buyer a disclosure form.

This form must contain any known defects of which the seller is aware. A “defect” is defined in NRS Section 113.100 as “a condition that materially affects the value or use of residential property in an adverse manner.”

In addition, after the discloser form is given, if any new defects are discovered by the seller or their agent – or if the condition of an already-disclosed defect worsens – those newly discovered defects must then also be disclosed to the buyer.

Once the defect has been disclosed, if the seller refuses to repair or remedy the defect, the buyer may either rescind the purchase agreement or accept the property with the defect fully disclosed.

A buyer is not legally permitted to waive these disclosure requirements, nor is a seller permitted to compel the buyer to waive the seller’s disclosure obligations either.

The required disclosure form lists specific items for the seller to indicate if there are any known problems or defects. Since such are spelled out that the seller must mark either yes or no (or N/A if a particular feature, appliance, or fixture is not present on the property), a seller cannot claim they forgot to include something by it slipping their mind.

The disclosures must be made by the seller themselves