Tag: Sellers

When an owner sells a property, they are typically required to disclose information in a written document. The requirements vary based on state and local laws, but failing to meet them can lead to legal trouble.

In general, a disclosure document is supposed to provide details about a property’s condition that might negatively affect its value. Sellers who willfully conceal information can be sued and potentially convicted of a crime. Selling a property “As Is” will usually not exempt a seller from disclosures. 

Disclosure rules can affect anyone selling a home. Still, they’re especially likely to affect property flippers, who