Posts from September 16th, 2019
Subscribe and receive email notifications of new blog posts.
RSS Feed
- 2026 | 16 Posts
- 2025 | 48 Posts
- 2024 | 48 Posts
- 2023 | 48 Posts
- 2022 | 48 Posts
- 2021 | 48 Posts
- 2020 | 44 Posts
- 2019 | 48 Posts
- 2018 | 48 Posts
- 2017 | 2 Posts
- 2014 | 1 Posts
16
What Sellers Should Know about Disclosure Obligations
You know your home's perks and issues better than anyone. Buyers want to know about any known issues so they can factor repair costs into their offer. Know what you need to disclose during the sale process. Our real estate agents are here to help you with every step of selling a home, including our guide to what sellers need to know about disclosure.
Why Disclosure Is Required in Real Estate Sales
Let's say you're shopping for Livingston homes for sale. Wouldn't you want to learn everything about the potential investment? As a seller, you have a responsibility to disclose certain known issues to buyers. Not only is disclosure the right thing to do, but it's required by law. Exact disclosure laws vary by state, but most require known, significant issues with the home to be disclosed.
Failing to disclose issues with the home can lead to a canceled sale, or potential fraud litigation if the buyer discovers issues that should have been disclosed after closing. By disclosing issues truthfully, you can avoid these potential snags.