People also ask
What is the purpose of the disclosure document in real estate?
The PDS can give potential home buyers an insight into the condition of the property and anything that may negatively affect the home's value. The PDS allows the seller(s) to disclose details about their home to prospective purchasers.
Is seller disclosure mandatory in Florida?
In Florida a seller of residential property is obligated to disclose to a buyer all facts known to a seller that materially and adversely affect the value of the Property being sold which are not readily observable by a buyer.
Does seller have to disclose previous inspection in Florida?
While a seller's property disclosure form is not required under Florida law, Florida law does require seller's and their realtors to disclose any significant property defects that may not be easily visible to the buyer. Buyers still have the responsibility to have the property inspected.
What if seller lies on seller disclosure Florida?
Under Florida law, a Seller will not be held liable for everything he/she fails to disclose to a buyer. Only \u201cmaterial\u201d misrepresentations will support a fraud claim. Additionally, the damage to the value of the property must be proven; it can't be speculative or subjective.
Does a seller have to disclose mold in Florida?
CORAL SPRINGS, November 21, 2016 \u2013 Florida law requires the seller of a residential property to disclose to the buyer facts materially affecting the value of the property which are not readily observable and unknown to the buyer.
florida seller's property disclosure