Episode 17 - "The Seller's Disclosure": What you legally need to reveal

The seller's disclosure is a critical legal document where you, as the seller, provide information about the property's condition and history to the best of your knowledge. Failing to disclose properly can lead to serious legal and financial repercussions long after the sale has closed. This episode is designed to help you understand your legal obligations and complete this form accurately and honestly.

We will walk you through the typical sections of a seller's disclosure notice, explaining the types of information you are required to provide, such as knowledge of past water damage, structural issues, or problems with major systems. We discuss the important legal principle of "material defects" and why the rule is always "when in doubt, disclose." Our real estate attorney guest explains the potential consequences of withholding information and how the disclosure statement protects both you and the buyer. We also clarify the difference between known facts and issues you are not aware of.

This episode is essential listening for any home seller who wants to navigate the legal complexities of a real estate transaction with integrity and peace of mind. You will learn how to fill out your disclosure form truthfully and completely, minimizing your liability and fostering a transparent, good-faith transaction. Protect yourself from future lawsuits by understanding your duties today.