Seller’s Disclosures: What Do You Have to Tell about Your Santa Cruz Real Estate?
Posted by Lauren Spencer on
There was a time when Santa Cruz real estate was ruled by the phrase “buyer beware.” This meant the seller did not have to share any information about defects in the home. Today, however, more than two-thirds of all states in the U.S. require some form of seller disclosure. This means that sellers are required to share certain information with potential buyers. What do you have to share when selling your Santa Cruz real estate?
• Lead-based paint. For all homes built before 1978, a disclosure is required. This gives the buyer 10 days to have the home inspected for lead-based paint. Some real estate brokers require this disclosure for all homes because lead-based paint is still sold in some places.
• Material facts. Material facts are items which may…
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