Here is a good video on the topic of what sellers and salespeople need to disclose when selling properties.
The key lessons to remember from this video are:
- Patent or visible defects do not need to be disclosed
- Latent or hidden defects need to be disclosed by the seller
- Psychological stigmas do not have to be disclosed
- Be wary of sellers who ask you not to disclose
Mark Weisleder is a Partner, author and speaker at the law firm Real Estate Lawyers.ca LLP. Contact him at firstname.lastname@example.org or toll free at 1-888-876-5529