How long does the seller have to provide a Sellers' Real Property Disclosure Statement in a residential transaction?

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In Hawaii, the seller is obligated to provide a Sellers' Real Property Disclosure Statement within a specific timeframe in a residential transaction. The correct timeline is 10 days after the acceptance of an offer. This requirement is established to ensure that potential buyers receive crucial information about the property they are considering purchasing, allowing them to make informed decisions based on the property's condition and any known issues.

This 10-day period allows the seller sufficient time to complete the disclosure while also ensuring that buyers don't face undue delays in assessing the property's suitability for their needs. By receiving this information promptly, buyers can ask follow-up questions or proceed with inspections and other due diligence more efficiently.

Other timelines, such as 5, 15, or 20 days, do not align with the established real estate practices in Hawaii regarding the disclosure statement. Thus, the requirement of 10 days is an important aspect of promoting transparency in real estate transactions.

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