Buyer Beware: 6 Types of Sellers Who Don't Have to Disclose Home's Flaws

Updated
bank-owned for sale sign in front of house - home disclosures
bank-owned for sale sign in front of house - home disclosures

No home is perfect -- not even the brand new ones. But every buyer has a different threshold for what property defects or neighborhood issues would be a deal-breaker for them. Smart buyers use their contingency or objection period to do their due diligence, spending time at the home and in the neighborhood, having the place inspected and finalizing their financing. But in most states, home sellers (and their agents) are required by law to disclose all "material facts" they know or should have known about the home to the buyer.

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