Full Disclosure: Real Estate

When you sell your home, federal and state laws require that you must disclose certain information to the buyers. It is always a good idea to be up-front concerning negative information about your property and neighborhood, although each state has different requirements as to what you must disclose. If a buyer finds out about a problem during closing, there may be a loss of trust and possibly even a failed sale.pexels-photo

Disclosure issues include:

  • Lead based paint
  • Mold
  • Termites
  • Planned city projects
  • Neighborhood problems
  • Airline flight patterns
  • Asbestos
  • Megan’s Law

Although your state may not legally require you to tell everything, by being up-front, you will make the buyers feel secure and prevent potential lawsuits later.

Selling? What do the buyers have to know?

Buying? What do the sellers have to tell you?

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