Seller Disclosures are about transparency
When selling a home, full transparency is key. Seller disclosures provide potential buyers with crucial information about the condition of the property, ensuring a fair and informed transaction. Understanding what must be disclosed and why it matters can help protect both buyers and sellers from unexpected issues down the road. Seller disclosures are legal documents that outline any material defects in the property such as issues that could negatively impact its value or safety. While specific disclosure requirements vary by state and local law, common disclosures include: Past or present structural defects Completed repairs or renovations Natural hazards (flood zones, earthquake risks, etc.) HOA rules and restrictions Land-use limitations Missing essential systems or features Prior property damage Any known deaths on the property (where required by law) Seller disclosures are important and serve a dual purpose: For Buyers: They help potential buyers assess the pro...