SELLER'S DISCLOSURE

Disclose, Disclose, Disclose

Selling a property “as is” doesn’t mean you’re off the hook from a legal standpoint. Based on historical court cases, you still may incur liability if it can be proven that the seller knew, or should have known, about a latent or hidden defect in or around the home.

And while Florida state law doesn’t require sellers to fill out a property disclosure form, many brokerages have developed their own. These forms can be invaluable when used properly. Property disclosure forms should be filled out by the seller and given to the buyer before an offer is presented, for example, and signed by the buyer, acknowledging receipt of the form.