What information is the seller required to disclose about a property?
Disclosure requirements may vary. Nonetheless under the strictest laws, the seller is required to disclose all facts materially affecting the value or desirability of the property which are known or accessible only to you. This may include: homeowners association dues; whether or not work done on the house meets local building codes and permits requirements; the presence of any neighborhood nuisances or noises which a prospective buyer might not notice, such as a dog that barks every night or poor TV reception; any death within three years on the property; and any restrictions on the use of the property, such as zoning ordinances or association rules. It is wise to check your state’s disclosure rules prior to a home purchase.
Related Questions
- Does the Seller have to disclose details regarding the propertys condition, known defects or other aspects that may affects its use or value?
- Who do I turn to if a seller has failed to disclose information on the Seller Property Disclosure Form?
- What information is the seller required to disclose about a property?
