If you're the owner of residential real estate in Florida, you need to be aware of the Florida disclosure laws, which state that a seller of residential property must disclose, verbally or in writing, any latent defects that might materially affect the value of the property. A latent defect is one that's not easily observed as someone is walking through or around the outside of the home.
For example, you don't need to disclose the crack in the living room wall, UNLESS it's related to a known structural defect such as a foundation problem. Don't throw a tarp over the sinkhole in the backyard and fail to disclose what it's hiding. Don't try and temporarily coverup roof leaks by painting over the water stains. Don't throw an area rug over a damaged portion of the floor without disclosing the problem.
Protect yourself and your real estate agent (they are also required to disclose any latent defects of which they are aware) by requesting a copy of the Florida Association of Realtors Seller Disclosure - Residential form that should be signed and dated by the buyer and seller. Failure to disclose may result in a judgment against the seller that requires them to pay three times the cost of repairs.
A FREE downloadable checklist is available at http://veritasrealestategroup.com/seller-disclosure-checklist.