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In most states, by law, you have to disclose any issues with the property. By not disclosing, you open yourself up to lawsuit.
What must be disclosed when selling a house in Oregon?
Under Oregon law a seller must disclose to the buyer any material defects known to the seller that would not be readily apparent to a buyer. Oregon civil law also imposes on all parties to a contract a duty of good faith and fair dealing.
What does a seller disclosure do?
A sellers disclosure is a real estate document that provides details about a propertys condition and how it might negatively impact the value of the home. It is often required by law, though what it needs to contain can vary by state and locality.
Do you have to disclose mold when selling a house in Georgia?
However, general property disclosure requirements mandate that sellers must disclose any known material defects, which could include significant mold problems. Sellers are encouraged to provide full disclosure to avoid potential legal issues.
Can you sue seller for not disclosing Georgia?
Georgia Home Sellers Liability for Failure to Disclose If you know but fail to disclose important but not readily visible facts about the condition of the house, the buyer might have a legal cause of action against you for fraud, misrepresentation, or breach of contract.
Georgia is a buyer-beware state, meaning sellers are not required to complete a disclosure form. However, they must disclose any known material defects that could affect value or safety. Examples include issues like structural problems, roof leaks and environmental hazards, to name a few.
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