Seller Disclosure Requirements: What You're Legally Required to Tell Buyers

Seller Disclosure Requirements: What You're Legally Required to Tell Buyers

What you're required to tell a buyer about your home isn't optional, isn't a formality, and isn't the same from state to state — and getting it wrong can create legal exposure long after you've moved out. Short answer: Nearly every state requires sellers to disclose known material defects — issues that affect the property's value or safety, such as a leaking roof, foundation problems, or past ...

Title Company vs. Attorney Closing: What Your State Requires

Title Company vs. Attorney Closing: What Your State Requires

Who actually runs your closing — a title company or a real estate attorney — depends entirely on where your home is located, and it's not optional in every state. Short answer: Some states legall ...

What Is Escrow? A Seller's Plain-English Guide

What Is Escrow? A Seller's Plain-English Guide

"It's in escrow" is one of those real estate phrases everyone uses and few people can actually define — including plenty of sellers who are going through the process for the first time. **Short answe ...

How to Change the Name on a House Deed Before or After Selling

How to Change the Name on a House Deed Before or After Selling

A mismatch between the name on your deed and your current legal name — after a divorce, a marriage, or the death of a co-owner — can stall a home sale if it's not addressed before you get to closing. ...

Do You Have to Pay Taxes on a Home You Inherited and Sold?

Do You Have to Pay Taxes on a Home You Inherited and Sold?

Inheriting a house is stressful enough without wondering whether selling it will trigger a tax bill you weren't prepared for. The good news: thanks to one specific tax rule, most people who sell an in ...