A Seller's Obligations to Disclose

Obligations to disclose information about a property varies from state to state. Under some strict state laws, the seller and the seller's broker, if there is one, are required to disclose attracts materially affecting the value or desirability of the property which are known or accessible only to them. Items sellers often disclose include: homeowners association dues; whether or not work done on the house meets local building codes and permits requirements; the presence of any neighborhood nuisances or noises which a prospective buyer might not notice, such as a dog that barks every night or poor TV reception; any death within three years on the property" any restrictions on the use of the property, such as zoning ordinances or association rules.