The Importance of Full Property Disclosure

A Florida couple is facing 20 years in federal prison for not disclosing known information on a home they sold back in 2013. An insurance claim brought to light the fact that the previous home owners were well aware of the case and chose to withhold the information.

Cases like this reminds everyone participating in the real estate market, from Fort Myers luxury homes to Oviedo homes for sale, that full disclosure is legally binding. It raises awareness that home sellers must disclose all known facts that might affect the property’s value.

Find out more about this case and what needs to be done in order to stay well within the laws governing most states when it comes to real estate disclosure.

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