A seller's disclosure is a legally mandated document in real estate transactions, aimed at protecting both buyers and sellers by providing clarity on the property's condition. It usually details known defects, such as water damage or foundation issues. States have varying requirements regarding the timing and content of these disclosures; typically, they must be provided after a purchase agreement is signed. Disclosures serve to empower buyers with knowledge, helping them make informed decisions and shielding sellers from future legal disputes.
A seller's disclosure is a legal requirement in real estate that protects buyers and sellers by ensuring transparency about the property's condition.
The seller's disclosure form typically includes any known issues with the property, such as past water damage or foundation problems, to inform buyers.
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