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Failure to disclose information could cause real estate disputes

On Behalf of | Dec 7, 2021 | Business Law |

The process of purchasing a home can be an exciting endeavor, but it can also be a major decision that might require a significant amount of deliberation. Prospective homeowners in Louisiana may have questions about the condition of the property, and should other parties involved fail to disclose all the necessary information, the results could prove devastating. Real estate disputes surrounding issues such as failure to disclose can be highly contested matters that may leave everyone involved in search of insight on how best to approach the situation.

Information to disclose

According to experts, the rules and regulations that govern what types of information one might be required to disclose when selling a home may vary depending on the location. Common examples of things to disclose could include issues such as the possible presence of nearby safety hazards, or even of potential nuisances in the surrounding area. In some cases, it may also be necessary to provide potential buyers with information on any recent repairs that have been made to the property.

Another topic to consider could pertain to disclosure of information pertaining to the presence of water damage within the property and addressing such issues could prove imperative. In some cases, it may also be necessary to disclose information on household items that do not function property or items that should be there but are missing. Disclosure of information regarding the presence of homeowner’s associations or historic district information could also be integral to mitigating the risks of disputes.

Real estate disputes

Real estate disputes stemming from failure to disclose information can be highly complex in nature and preparing to protect one’s interest during a similar scenario can be stressful at times. When facing such disputes, a person in Louisiana could choose to consult with an attorney for guidance on all his or her available legal avenues. An attorney can evaluate the circumstances a client is facing and assist in developing a strategy to safeguard his or her future interests through the proper channels.

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