Florida Real Estate Disclosure Documents: What You Need to Know
In real estate, it’s not unusual to give a home a slight makeover before putting it on the market; however, keep in mind that the fresh coat of paint might actually be covering something up. Cue in the real estate disclosure document. A real estate disclosure document is a legally required statement from the seller that discloses important and relevant information to the buyer.
In Florida, state law requires that the seller must disclose any facts or conditions they know about that materially affect the value of a property.
Examples can include:
- Water damage
- Paint hazards
- Issues with code
- Presence of pests/insect infestations
- Roof defects
- Cracks in the foundations or other instabilities
With that being said, the seller is not obligated to disclose any defects that are obvious such as a broken window or hole in the kitchen wall. Have any further questions? Our team of experienced attorneys can help.
Call ILG for Sound Advice and Effective Representation in Florida Insurance Disputes
If you are a homeowner, business owner or contractor involved in a dispute over insurance claims and benefits, call Insurance Litigation Group in Florida at 786-529-0090 for a free consultation.