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1. • Material facts

     • As a seller, you have a legal obligation to disclose all material facts about the property you are selling. Material facts refer to any information that could potentially influence a buyer's decision or affect the value or desirability of the property.
     www.lumenlaw.ca/understanding-property-disclosure-obligations-for-sellers-in-canada

     Property Disclosure Obligations For Sellers in Canada - Lumen Law

2. People also ask

   What information should a seller disclose to a potential buyer?

   • A seller must legally disclose information to a potential buyer based on their knowledge of the property. Some of the most common real estate disclosures include: Any history or evidence of asbestos. Any history or evidence of lead-based paint in a structure. Property line disputes. Any other information regarding the property that may be relevant.

   What Sellers Must Disclose in Canadian Real Estate - JK Law

   www.jklawoffice.ca/blog/real-estate-disclosure-requirements-canada-sellers-must-reveal/

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   What is a seller's disclosure in real estate?

   • A seller's disclosure is a real estate document that provides details about a property's condition and how it might negatively impact the value of the home. It is often required by law, though what it needs to contain can vary by state and locality. Do I Have to Tell Potential Buyers About Problems?

   Buying a Home: 8 Disclosures Sellers Must Make - Investopedia

   www.investopedia.com/articles/personal-finance/061214/real-estate-flipping-8-disclosures-you-must-make.asp

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   Should a seller disclose a property?

   • In general, a disclosure document is supposed to provide details about a property's condition that might negatively affect its value. Sellers who willfully conceal information can be sued and potentially convicted of a crime. Selling a property "As Is" will usually not exempt a seller from disclosures.

   Buying a Home: 8 Disclosures Sellers Must Make - Investopedia

   www.investopedia.com/articles/personal-finance/061214/real-estate-flipping-8-disclosures-you-must-make.asp

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   Should a seller disclose a problem to a buyer?

   • There's another critical thing to check: Some local disclosure laws have loopholes. For instance, New York State law requires that specific problems be disclosed to a purchaser in a statement unless the seller opts to pay a $500 credit to the buyer at closing.

   Buying a Home: 8 Disclosures Sellers Must Make - Investopedia

   www.investopedia.com/articles/personal-finance/061214/real-estate-flipping-8-disclosures-you-must-make.asp

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   Does a seller have a legal obligation to disclose a fact?

   • 22.2 (1) If a seller has a legal obligation to disclose a fact to the buyer and the fact is known to the broker or salesperson who represents the seller, the broker or salesperson shall disclose the fact to every buyer who expresses an interest in the real estate.

   TRESA: Facts a seller has a legal obligation to disclose

   ontariorealestatesource.com/tresa-facts-a-seller-has-a-legal-obligation-to-disclose/

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   Do Property sellers have to disclose negative information?

   • Property sellers are usually required by law to disclose negative information about a property. It is usually wise to disclose issues with your home, whether you are legally required to or not. The seller must follow local, state, and federal laws regarding disclosures when selling their home.

   Buying a Home: 8 Disclosures Sellers Must Make - Investopedia

   www.investopedia.com/articles/personal-finance/061214/real-estate-flipping-8-disclosures-you-must-make.asp

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3. www.jklawoffice.ca › blog › real-estate-disclosureWhat Sellers Must Disclose in Canadian Real Estate - JK Law

   www.jklawoffice.ca › blog › real-estate-disclosure

   • Cached

   Sep 6, 2023 · A seller must legally disclose information to a potential buyer based on their knowledge of the property. Some of the most common real estate disclosures include: Structural or mechanical issues. Natural or environmental hazards. Any history or evidence of asbestos.

4. www.lumenlaw.ca › understanding-propertyProperty Disclosure Obligations For Sellers in Canada - Lumen Law

   www.lumenlaw.ca › understanding-property

   • Cached

   Jun 14, 2023 · A Seller Property Information Statement (SPIS) is a document that sellers can voluntarily provide to potential buyers. The SPIS allows sellers to disclose known information about the property, including any material facts or latent defects.

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     How to fill out a real estate Seller's Property Disclosure Statement

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6. ontariorealestatesource.com › tresa-facts-a-sellerTRESA: Facts a seller has a legal obligation to disclose

   ontariorealestatesource.com › tresa-facts-a-seller

   • Cached

   “Under TRESA, a new obligation is introduced that requires a registrant representing a seller to disclose facts to a potential buyer, if those facts are known to the registrant and they are facts that a seller client is legally required to disclose.

7. roythomas.ca › real-estate-blog › sellers-disclosureSellers Disclosure Made Easy: What You Need to Disclose

   roythomas.ca › real-estate-blog › sellers-disclosure

   • Cached

   Mar 19, 2024 · When you’re selling your home, you’re required by law to disclose certain information to prospective buyers. But how can you be sure you’re covering everything you need to? And what could happen if you don’t?

8. www.knowyourproperty.ca › understanding-sellersUnderstanding Seller’s Disclosure in Real Estate Transactions ...

   www.knowyourproperty.ca › understanding-sellers

   • Cached

   Aug 16, 2024 · A seller’s disclosure is a legal document that a property seller is required to provide to potential buyers. This document outlines known issues or defects with the property that could affect its value or the buyer’s decision to purchase it.

9. www.lowlaw.ca › what-disclosures-must-sellers-makeWhat disclosures must sellers make? | Richard A Low & CO LLP

   www.lowlaw.ca › what-disclosures-must-sellers-make

   • Cached

   Nov 17, 2023 · Disclosure statements can be an essential form in a real estate transaction. Sellers complete this document to give potential buyers crucial information about a home so that buyers can make informed decisions. Sellers must disclose known latent defects, which are significant problems with the home that people cannot immediately see.

10. www.investopedia.com › articles › personal-financeBuying a Home: 8 Disclosures Sellers Must Make - Investopedia

    www.investopedia.com › articles › personal-finance

    • Cached

    Sep 27, 2024 · When an owner sells a property, they are typically required to disclose information to the realtor and the potential buyers. The requirements vary based on state and local laws, but failing to...