When a home seller sells a property the seller must disclose hidden facts. Seller disclosure can include previous damage, homeowners association fees, or any number of other things. Look here for more information about what is required in seller disclosure.
What is the seller's responsibility as far as seller disclosure once the home inspection and closing are over? Does seller disclosure still apply, if hail damages the home after the buyer has the home inspection and closing. Months after the home inspection and closing the buyer is still trying to get the seller to file an insurance claim.
A home buyer just learned they will need a new furnace in the home the bought several months ago, but the seller didn't indicate anything was wrong with the furnace during the purchase. The buyer believes the seller should have known about the furnace and indicated that on the seller disclosure form. Many seller disclosure laws require the seller to disclose defects, which would include a non-working furnace, not an older unit.
If you're selling your condominium and you have a neighbor who plays piano, you don't necessarily have to tell your real estate agent. That said, as part of seller disclosure, if you're directly asked about a musical neighbor, you need to talk about it.
When you're buying a home a seller is supposed to tell you about any hidden material defects as part of seller disclosure. But it's the buyer's responsibility to ask questions of the seller too. The buyer can ask the seller about the neighborhood and location around the home. Asking questions ensures that buyers face fewer surprises when buying a home.
What can you do if you buy a home and later discover something was omitted from seller disclosure? If the seller or the home inspector fail to mention that your home has polybutylene plastic water supply lines and crimped fittings you may be able to collect money as part of a class action lawsuit. The polybutylene pipes should have come to light during the home inspection or as part of seller disclosure.