What do I need to disclose when selling my home?

On Behalf of | Jul 26, 2019 | Real Estate Transactions |

If you are going through the process of selling your home in Florida, you will likely be concerned with following the rules and fulfilling your obligations to the potential buyer.

If you are aware of certain defects in the property, you may be reluctant to disclose these with the prospective buyer because of a concern that it will decrease the value of the home or that they will lose interest in the property. If you have any concerns about this, it is important that you make yourself aware of what you are obligated to disclose and what you are not.

You have the responsibility to disclose non-obvious defects

You may not have the duty to provide a disclosure of all defects in the property, but you are obligated to disclose potential problems that are severe enough to affect the value of the home. For example, if there is mold on the kitchen wall, it is likely not necessary for you to raise this issue to the buyer unless they want to know more about it. However, what you should not do is try to conceal it by painting over it or otherwise trying to hide a potential defect.

You do not need to hire an inspector, but it may be helpful

To give you peace of mind as a seller, you may want to gain an inspector’s report so that you are satisfied that there will be no disputes in the future.

If you are selling your home in Florida and are concerned about the law on defect disclosure, it is important to conduct thorough research so you can gain a better understanding.