What Do You Have to Disclose When Selling a House?
What DO you have to disclose when selling a house? Well in Tampa Bay disclosures are a hot topic! Here are 8 disclosures home sellers should make to home buyers. The first is any specific knowledge regarding the house’s condition or value. To find out more, watch this short video.
0:00 Introduction
0:52 Any Specific Knowledge Regarding the House’s Condition or Value
1:13 Information about Utilities
1:28 Any Significant Defects
1:43 Any Hazardous Materials or Conditions
2:00 If You Belong to a Homeowners Association or Condos Association, or both.
2:14 Be sure to disclose any Judgments, Liens, Easements or Encroachment Issues
2:43 Any Wood-Destroying Organisms or history of
3:12 Anything Else That Comes to Mind- if you think it- disclose it.
What happens if you don’t disclose things?
As a home seller in Florida, per Florida law what you have to disclose includes any specific knowledge you have about the condition or value of the property. This means ANY information about any defects or problems with the property that might affect its value to the buyer. Information that could affect a buyer’s decision to purchase the property, such as if there has been any recent water damage or if the property is located in a flood zone.
If you are unsure about what forms are required, it is best to consult with a real estate attorney or your real estate agent like us- we will be able to advise you on what you need to disclose in order to avoid any potential legal problems down the road.
By the time you’re packing, what you need to disclose when selling the house have usually been uncovered. Keep your move smooth by full disclosing everything a buyer could be unhappy to hear later!
