What Are Property Disclosures?
Federal Disclosure Requirements
State Disclosure Requirements
• pollution issues
• whether the home is in a flood zone
• whether the home is in a historic district
• any prospective zoning changes
• any history of termite damage
• previous mold or water damage
• any violent crimes that occurred on the premises
When in doubt, sellers should be upfront about any known issues. Most problems will come to light during the inspection anyway, and failing to mention them will only make the potential buyer suspicious and possibly derail the transaction altogether.
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