10. As a seller, what do I have to disclose about the condition of my property?
The best policy is
truth when it comes to disclosing the condition of your property. You must
disclose all known material defects of the property. Normally, these are noted
on a Seller Disclosure Form (SDF). This is a form included in the seller
compliance manual and is completed by the seller and Realtor. If an item is not
covered on the SDF, you must still make disclosures about known material
defects. Even if a matter has been repaired, you should still disclose the
previous defect and a report of the repairs completed. By disclosing all
problems up front, you can avoid any surprises that many
times provokes a lawsuit.
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