Sellers Disclosure Obligations

Dated: 02/05/2019

Views: 74

 

Anything that could be potentially harmful to the new occupant or the home itself must be addressed in the seller's disclosure.   Seller disclosure can include previous damage, homeowner's association fees, or any number of other things.  Following is more information about home seller disclosure obligations.

Be sure your agent shows you the disclosure document before signing.  You are responsible for the accuracy of the document, and can be held liable for any inaccurate information contained within it.  

Know your local disclosure requirements.  While there are federal disclosure requirements, there may be some in your state or local area that may be more inclusive than the federal guidelines.  Your real estate agent can keep you informed on where to find this information.

Be sure any defects in the property are disclosed to buyers.  This includes the results of any home inspections and property surveys that have recently been done.  It also includes information about any harmful chemicals that may be present in the home, such as lead paint or asbestos.  

If someone has recently died in the home you are required to tell buyers of this fact.  In most areas you must disclose this if the death has occurred in the last three years.  

There are also some areas that require you to disclose potential natural threats to the home such as fire hazards, earthquakes, and mudslides.  

Your agent is required to disclose any information that may affect a home buyer's decision to make an offer on a property.  You must inform your agent if you think the foundation may have a crack, even if you are not sure that information must be disclosed.

Blog author image

Michelle Musslewhite

Representing Houston area homeowners and future homeowners specializing in the cities of Pearland, Alvin, Friendswood, League City, Manvel, and Webster; Michelle’s creative, enthusiastic, and caring....

Want to Advertise on this Site?

Latest Blog Posts

8 Affordable Ways To Boost A Homes Curb Appeal

Your home’s curb appeal could be make or break for the amount of showings you have. In the same way curb appeal can attract potential buyers through your door, a less than spectacular home front

Read More

Open Season House Hunting With Kids

House hunting with children can add another layer of complexity to your search. It is a balancing act; moving can be difficult for both young children and finicky teenagers. When you are house

Read More

Reach Your Dreams With 3 Percent Down

If rising home prices have you down–in–the–dumps and concerned about affordability, think again. Low down payment mortgage options — some requiring as little as 3% down — are available for

Read More

Crafting Your Home Security Blanket

Home security options come in many shapes and sizes. Today, you can protect your home with methods ranging from joining your neighborhood watch group to installing the latest smart home security

Read More