12/20/2024
Did you know seller disclosures are not required on Florida? ๐ด
BUt, if you're selling residential property and are aware of issues that aren't visible but could impact its value, you're legally required to disclose them? This stems from the landmark 1985 Florida Supreme Court case, Johnson v. Davis.
๐ This means any underlying problems, like a leaky roof or foundation issues, must be shared with potential buyers. Not disclosing such defects can lead to legal consequences, especially if these issues are discovered after the sale process has begun.
๐ Realtors often use disclosure forms to ensure sellers share everything necessary. While this can protect both parties, be mindful! Incorrectly stating there are no issues could expose you to legal risks.
๐ Remember, transparency isn't just a good practiceโit's your duty as a seller. Ensuring all material defects are disclosed not only protects you legally but also fosters trust and smoothens the transaction process.