What are the Sellers Obligations when it comes to Diclsoures?

All states require some form of property disclosure statement from the sellers, the scope of what must be revealed can vary from different states, counties and even cities.

Federal law requires certain disclosures to be known to the buyers, such as the existence of asbestos or lead-based paint in the home or other known health or safety risks. But the enforcement of other disclosures will be determined by your local law.

Here in Virginia the main disclosure statue actually requires sellers to release very little, it basically alerts the buyers that it is their responsibility to check out the condition of the home for sale.

There are, however, a few disclosures some sellers must make if the following applies:
• if the property is in any area in which a military air installation is located.
• if there is defective drywall and if the property was once the site of a meth lab and has not been take care of according to state procedures.

When you sign up with GoToFSBO.com and select one of our premium packages we will make sure you have the necessary disclosure forms needed for selling your home in Virginia, Maryland or DC. Sellers will have the confidence that a licensed, experienced Realtor is guiding them to reach closing.


Author: Debbie Kent

Debbie Crevier-Kent began her career as a licensed Real Estate agent. Seeing the need for lower real estate selling costs, she created easy to use FSBO service packages, starting GoToFSBO.com in 1994. Ms. Crevier-Kent is a member FlatFeeGroup.com, Homesbyowner.com and FSBOpublishers.org and a member or NAR, NVAR, REIN, BRIGHT, WAAR, and CAAR

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