What Must I Disclose When Selling Real Estate Property in Florida?

What Must I Disclose When Selling Real Estate Property in Florida?

selling real estate

Selling real estate property can be one of the most daunting and nerve-racking actions that a person can perform. The risk and potential profit involved is high, so having sufficient knowledge before moving forward is key. Each state, including Florida have specific laws on what is required by a property owner to disclose when selling a property. Having the right legal representation is important in safeguarding you against any lawsuits or legal ramifications that could possibly manifest down the road.

What to Disclose

Potential problems or liabilities with the property in question must be disclosed. Florida requires homeowners to disclose these issues to potential buyers:

-Asbestos

-Mold

-Lead

-Chinese Drywall

These disclosures can be a written contract or shared verbally. But best practices suggest having it in writing for future references.

Having Legal Protection

It is paramount that you have an experienced lawyer who specializes in these types of hefty transactions to make sure the process goes through smoothly and without any legal issues. Nishad Khan P.L. is a real estate lawyer Orlando, who specializes in Florida real estate transactions and will ensure you get the best deal you possibly can!