If you’re selling a home in Alaska, state law (AS 34.70.010-.200) requires you to give the buyer a completed Residential Real Property Transfer Disclosure Statement before they make a written offer. Don’t rush through it. A thorough, honest disclosure is one of the best protections a seller has.
Why it protects you
The form is your written record of what you knew about the home and when you shared it. Most disputes after closing come down to one question: did the seller know, and did they say so? A complete disclosure answers that before anyone asks.
The stakes are real. A seller who negligently fails to comply is liable for the buyer’s actual damages. A willful violation can mean up to three times those damages, plus attorney fees. A blank section or vague answer can look like concealment, even when it was an oversight.
What you’ll need to document
- Utility costs. Average monthly electric, heating fuel, water, sewer, and refuse costs. Gather a full year of fuel and electric bills so your numbers reflect every season, not just a mild month.
- Repairs and replacements. Anything repaired, or needing repair or replacement, in the last five years: roof, heating system, water heater, plumbing, electrical, windows, and more. Keep dates and receipts.
- Systems. Age and type of your heating system, fuel tank, water heater, sewer or septic, and water supply.
- Alaska-specific issues. Freeze-ups, ice damming, permafrost or settling, flooding, erosion, and drainage.
- Noise and flight path. Most homes in Nome are in the flight path or affected by aircraft noise.
- Other conditions. Leaks, mold, pests, past remodels and whether they were permitted, and environmental concerns. Homes built before 1978 also need lead-based paint paperwork.
Tips
Answer every question. If you truly don’t know, say so. A reasonable approximation is allowed if it’s clearly labeled as one.
Update if things change. If the information becomes inaccurate after delivery, you must provide an amendment.
We’re happy to help you get prepared
Thinking about selling, even if it’s months or years away? Nome Sweet Homes is glad to provide the most current version of the form to anyone who’s interested, whether or not you plan to list with us. Call 907-304-2871 or visit the Nome Sweet Homes website, and we’re happy to help you get prepared.
This post is general information, not legal advice. For questions about your specific obligations, consult an attorney.
Melissa K. Ford is the managing broker of Nome Sweet Homes in Nome, Alaska.
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