Veritasrealestategroup.com
  • Home
  • Oceanfront
  • Foreclosures
  • Market Reports
  • Blog
  • Videos
  • About
  • Contact Us
Login
954-554-4881

Sign in to your account

Need to reset your phone number?

Don't have an account with us?

Click here to sign up.

Seller Disclosure

Florida law requires that sellers verbally disclose all latent defects that might adversely affect the value of the property. Failure to do so may result in a lawsuit with a judgment against the seller for three times the cost of any repairs.

A latent defect is one which isn’t easily noticed by a prospective buyer and includes: roof leaks, foundation cracks, pest infestation, and knowledge of an impending neighborhood change that may lower property values after the closing. For example, if you know a landfill dump is planned for your surrounding area, it must be disclosed.

Many experienced agents will give sellers a check-box form to complete and sign. This helps protect them from lawsuits alleging that they were aware of the defect and that they failed to disclose it. It’s not just the seller on the hook; it’s also your agent. When in doubt, disclose or check with a real estate attorney.

In Florida, previous on-site murders, suicides, and the presence of ghosts don’t have to be disclosed.

Like or Share
Loading likes...

Address Search

Search North Broward County Cities

  • Coconut Creek
  • Coral Springs
  • Deerfield Beach
  • Fort Lauderdale
  • Parkland
  • Pompano Beach
  • Tamarac

Popular Market Reports

  • Coconut Creek
  • Coral Springs
  • Deerfield Beach
  • Fort Lauderdale
  • Parkland
  • Pompano Beach
  • Tamarac

Buyer Information

  • Credit History
  • Loan Qualification
  • Earnest Money Deposit
  • Home Inspections
  • Appraisals
  • Closing Costs
  • Tenant Leases
  • Property Tax Assessment

Seller Information

  • Staging
  • List Price
  • Listing Agreement
  • Seller Disclosure
  • Appraisals
  • Closing Costs

Broward County Schools

  • School Locator
  • School Ratings

Broward County Resources

  • Cities
  • Services
  • Property Appraiser

Recent Blog Posts

  • What's a REIT?
  • Tax Benefits of Owning Real Estate
  • Reverse Mortgages
  • Exchange Home Equity for Cash
  • Fort Lauderdale Beach
  • South Florida’s 40-Year Recertification Program
  • Stricter Funding Guidelines for Condos and Co-Ops
  • Condo vs Co-Op
  • Emergency Florida Rental Assistance
  • How to Find and Buy Fixer Uppers

FREE Downloads

  • Broward County Relocation Guide
  • Tips For Selling Your Florida Home - eBook
  • Seller Disclosure Checklist

Professional Sports

  • Florida Marlins
  • Florida Panthers
  • Miami Dolphins
  • Miami Heat

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years
Calculate

Does not include any taxes or fees.
Please consult a financial professional.

              

  • Home
  • Oceanfront
  • Foreclosures
  • Market Reports
  • Blog
  • Videos
  • About Us
  • Contact Us
  • Privacy Notice

The Veritas Real Estate Group
10101 W. Sample Road Suite #413
Coral Springs, FL 33065
954-554-4881

 

 Pat O'Connor
 Broker/Owner

 

 

           

 

© All Rights Reserved

  • Coconut Creek
  • Coral Springs
  • Deerfield Beach
  • Fort Lauderdale
  • Parkland
  • Pompano Beach
  • Tamarac
IDX Real Estate Websites by
• Accessibility • Terms • Privacy