By, Lisa Roberts
If you’re planning to sell your home soon, you’re probably overwhelmed by the paperwork and preparation required. A disclosure document is a part of that paperwork that not many people remember. However, this document is important for both home buyers and sellers. As a seller, you are typically required to provide information about your home in a written document. There is a specific list of disclosures home sellers must make when selling a home.
In general, a disclosure document is supposed to contain information about a property's condition that can negatively affect its value. If a seller willfully conceals information, they can be sued and convicted of a crime.
This isn’t only meant for bad things, however. Since it also…