You Need Disclosures in Real Estate

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Selling

What Actually Needs To Be Disclosed?

Once decide to put your home on the market, have proper seller’s disclosures are of the utmost importance. Unfortunately different real estate brokers have told clients many opposing views about what should disclosed. For example some say it’s not necessary to disclose that there was a death on the property. Others say you should disclose every single thing that’s ever happened in your home. The good news is, the law governs what should and should not be disclosed, not your Realtor. While disclosures can vary from state to state, there are federal laws that need to be followed, the most notable is regarding lead-based paint. It’s always a good idea is to consult a real estate attorney who knows your state’s disclosure laws.

Disclosure Laws May Be Region-specific:

California and Nevada have disclosures regarding earthquake
Tornado disclosures in Kansas, Oklahoma, Texas, Iowa, Nebraska 
Hurricane disclosures in Florida, Louisiana, Alabama, Georgia 
Wildfire disclosures in Wyoming, California, Colorado, Nevada
Specific mudslide disclosures in California
The good news for Illinoisans –  these would not apply to you!

real estate disclosure forms

You Need To Fill Out Necessary Forms Yourself

Once your home is listed for sale, you need to fill out the proper disclosure forms yourself–not with the help of your Realtor. Some inexperienced agents believe that it’s their job to do this for you, but the law says, that you need to do this on your own.

When Filling Out Disclosures:

Answer all questions honestly, and to the best of your ability
Make sure you disclose everything that you legally need to

If you have any questions about seller’s disclosures, other real estate questions, feel free to contact me!