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Disclose, Disclose, Disclose

by Linda Reynolds
Written by: Linda Reynolds

I can not stress this enough to seller’s. When you are selling a home in Florida, by law you must disclose any known facts that materially affect the value of a property. This includes leaks, plumbing problems, electrical problems, structural problems, mold, foundation issues, roof problems, problems with flooding, A/C or heating issues, malfunctioning appliances (if you are leaving them) and anything else that affects the value of the property.

By choosing not to disclose something you know is wrong or was wrong that you fixed (such as, if you had a roof leak or issues with mold), or things that currently need to be fixed, you open yourself up to the possibility of a potential lawsuit later on down the road if something happens after you sell and the buyer can prove that you were aware of the problem when you owned the property and you didn’t disclose it.

It’s better to be safe than sorry and disclose any issues you’re currently aware of, or that have been fixed since you have owned the property.

This doesn’t mean that you need to disclose any cosmetic defects. But you must disclose any issues that are not cosmetic!

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{ 1 comment… read it below or add one }

major@Plumber December 16, 2008 at 5:42 pm

Being an honest person will gain you trust that will result into something better aside from the fact that it is every buyers right to know the status of a property he/she’s looking to buy…

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