What information is a seller required to disclose about the property?

A seller is required to disclose any material defects that could affect the buyer's decision because this obligation ensures transparency in real estate transactions. Material defects are issues with the property that would significantly influence a reasonable buyer's choice to purchase the home, such as structural problems, plumbing issues, or pest infestations. By informing potential buyers of these defects, the seller helps prevent disputes and fosters trust in the transaction process.

This requirement is rooted in fairness and ethical practices within real estate, emphasizing the importance of informed decision-making for buyers. It aligns with legal standards and regulations that protect consumers, ensuring they are aware of significant issues before finalizing the purchase.

While information about upgrades or the property's age can be relevant and potentially beneficial for buyers, these details do not fall under the mandatory disclosure of material defects. The seller's reason for selling, while interesting, does not inherently impact the property's condition or affect the buyer's decision-making process in a legally mandated way. Thus, those aspects are not required disclosures.