According to the National Association of REALTORS®' recently released 2011 Legal Scan: Legal Issues Facing Real-Estate Professionals, nondisclosure of a property's problems is becoming a bigger issue. That could result in more lawsuits against sellers who have not provided full disclosure of problems with their property.
As a seller, you must disclose anything that might impact the value of your Santa Cruz home. That includes something as small as a toilet that doesn’t flush properly to something as big as an unstable foundation. Anyone selling a Santa Cruz home, even in “as-is” condition, must obey disclosure laws.
Here are six things you, as the seller, must reveal:
1. Termites. If your Santa Cruz home has or had a problem with termites, it