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Updated about 7 years ago on . Most recent reply

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Eric Percival
  • Real Estate Investor
  • Miami, FL
8
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22
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What do I need to disclose as a seller?

Eric Percival
  • Real Estate Investor
  • Miami, FL
Posted

Hi,

I'm selling my first flip, and some one submitted an attractive offer but they want me to submit a seller disclosure. What should I put in the disclosure?

What I would put on the disclosure:

-When I bought it there was a freon leak to the A/C unit, because the leak was in the apartment above mines; inside of the walls, the association took care of it and fixed it.

-I'm the owner, also a licensed real estate agent

Should I put this on the disclosure?

-It was a live in flip

-I owe two months of association fees (my dad was at the hospital).

-the association requires 1 year deposit of association fees.

-2 year rental restrictions

I dont have anything else in mind right now that I should disclose, just want to cover all my bases before I submit the disclosure. 

Also, just for future reference, if a buyer doesnt ask for a disclosure are you still required to submit one? I do business in Florida.

Thanks,

Most Popular Reply

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,144
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17,457
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

I know you said you are an agent...but if you are asking what to disclose, you need to hire an agent.

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