Skeletons in the Closet: Disclosing Deaths in Real Estate Transactions
If you are an Oklahoma real estate agent you need to be familiar with the Oklahoma law on psychologically impacted properties. What are psychologically impacted properties? These are properties where certain kinds of deaths occurred, felonies have occurred, and people with certain diseases have lived. You might have a client ask, “Do we have to disclose a death in the house?” Or perhaps a buyer wants to know if there were any deaths in the property before they buy.
Do you know how to handle these requests when working with buyers and sellers? Do you know what the law requires for disclosure and the factors it applies to? In six short minutes, this video will give you a complete rundown of Oklahoma’s law on disclosures for psychologically impacted properties!
00:26 What are psychologically impacted properties?
01:31 What is the process for disclosure?
02:30 Is disclosure mandatory?
03:22 Bonus tip for working with buyers.
04:46 Summary
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Legal Disclaimer: This video is for educational and informational purposes and is NOT legal advice. Nothing in this video should be considered to create an Attorney-Client relationship with Geoffrey Long or GDL Legal PLLC. Consult YOUR attorney if you have legal questions about real estate, the real estate contract, or your real estate transaction.
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