Real Estate Disclosure Laws

Real estate disclosure laws require sellers to inform potential buyers about known issues with a property. This includes details about structural problems, environmental hazards, or past water damage. The aim is to provide transparency and protect buyers from unexpected costs or safety concerns after purchase. Disclosure requirements vary by state, but sellers generally must complete a formal document listing any known defects. Failure to disclose necessary information can lead to legal consequences or the seller being liable for repairs. Essentially, these laws help ensure that buyers make informed decisions when purchasing a home.