Seller Disclosures
Published On: April 4, 2011
When selling Residential Real Estate owners are required to disclose known defects in a home. Some sellers such as estates, banks or the government may be exempt from filling out disclosure forms (they may know nothing about the home) but owners who have lived in a home should be knowledgeable enough to make proper disclosure. There are penalties for non-disclosure and sellers should strive to be honest and forthcoming. Buyers are encouraged to use professional licensed home inspectors to make sure they are comfortable with the condition of the home. Better safe than sorry!
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