Onboard Home Buyers, Inc.

Selling a home is a significant undertaking that involves various legal obligations and disclosures for both sellers and buyers. These obligations are in place to protect the interests of all parties involved in the real estate transaction and ensure transparency in the process. In this comprehensive article, we will delve into the legal responsibilities and disclosures that sellers must adhere to when selling a home. 1. Full Disclosure of Property Condition One of the primary legal obligations when selling a home is the requirement to provide an accurate and comprehensive disclosure of the property’s condition. Sellers are typically required to complete a Seller’s Disclosure Statement, which details any known defects or issues with the property. This statement often covers structural problems, water damage, pest infestations, and any other issues that may affect the property’s value or safety. Failure to provide an honest and complete disclosure can lead to legal consequences, incl