Property Disclosure Laws

Property disclosure laws require sellers to reveal known issues or defects about a property before selling it. The goal is to ensure buyers have accurate information to make informed decisions. Sellers must disclose problems like structural damage, mold, pests, or legal issues. Laws vary by state, but generally, failure to disclose known problems can lead to legal liability. These laws promote transparency and fairness in real estate transactions, helping protect buyers from unexpected surprises and ensuring sellers are honest about the property's condition.