
Real Estate•
The Legal Risks of Hiding Home Defects From Buyers
Home sellers are legally required to disclose all known property defects. Failing to do so can lead to costly lawsuits and financial damages after the sale.
Rachel Sterling is a legal affairs correspondent for Crezzio, specializing in real estate law, consumer contract rights, and personal finance. She reports on common legal issues that homeowners and consumers face in the property market.
Home sellers are legally required to disclose all known property defects. Failing to do so can lead to costly lawsuits and financial damages after the sale.
New homeowners can take steps to remove photos of their property from real estate websites, though no federal law requires it. Here's how to do it.
A homeowner who finds their own buyer may still be legally required to pay a full real estate commission. The outcome depends entirely on the type of listing agreement signed.