What is a Seller’s Disclosure? Here’s Why It’s Important

When a home is being sold, the seller is required to provide what is called a seller’s or property disclosure. This is important as it protects both the seller and the buyer. This article from Redfin does a great job of explaining what a seller's disclosure is and the importance of having it as part of the real estate transaction. Check out the article and give me a call with any questions you have or for any of your real estate needs.

Tim Houterloot - Broker/Realtor
317-997-0165 - Cell
indyhomepro@outlook.com

Source: Redfin | Repost Houterloot 3/17/2022 - 

Whether you’re about to purchase a new condo or sell your current home, there is a lot to learn and paperwork to sign. One of these critical documents is called a seller’s disclosure.

A seller’s disclosure, also known as a property disclosure, is a document that sellers are legally required to provide buyers. This piece of paperwork will include all the undisclosed details related to the property that negatively affect its value. So before you finalize the buying or selling of a home, read on to find out why a seller’s disclosure is an essential part of any real estate transaction.

Why is a seller’s disclosure important?

A seller’s disclosure is a legal document protecting both the seller and the buyer. It protects the buyer by informing them of any issues or defects the home and surrounding property may have. It also safeguards the seller from being sued by the buyer after the transaction if the seller’s disclosure was completed correctly.

Read the full article...