Caveat emptor may have been the norm in residential real estate long ago, but today a buyer-beware approach would land sellers and their agents in hot water. Seller’s disclosure rules exist to ensure that sellers don’t ignore or hide material information about a property that buyers might want to factor into their decisions. Disclosures also help sellers steer clear of accusations down the road that they were concealing details that buyers would have wanted to know. Here are some frequent questions regarding seller’s disclosure laws.
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