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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.
Is it bad if there is no seller disclosure?
In most states, by law, you have to disclose any issues with the property. By not disclosing, you open yourself up to lawsuit.
Are seller disclosures required?
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.
Is a seller disclosure required in GA?
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.
Are property disclosures mandatory in CT?
Disclosure Law in Connecticut for Home Sales Connecticut General Statutes 20-327b requires that residential sellers make certain disclosures to a potential buyer. The statute applies regardless of whether a licensed salesperson or broker is involved in the transaction.
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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.
Related links
Property Condition Disclosure Statement
Jan 26, 2024 Purpose of Statement: This is a statement of certain conditions and information concerning the property known to the seller. This Disclosure
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