“Do I need to disclose a property’s previous issue if it was corrected through renovation?”
March 2, 2023
Q: Our seller remodeled their property and, as part of that renovation, had one portion of the concrete floor in the basement raised to make it level. The work was done by a licensed repair company and is warrantied. Do either of us have to disclose the previous condition of the floor?
A: No, neither you nor your seller would need to disclose the previous condition of the floor. Sellers only have a few specific things that they are required to disclose, and this doesn’t fit into any of them. As an agent, you have a duty to disclose material adverse facts about the physical condition of the property if you’re aware of them. In this case, because the condition has been completely repaired, you are not under a duty to disclose.
If you have any additional questions, contact the Virginia REALTORS® Legal Hotline. (Be sure you’re logged in!)
What is the Legal Hotline?
The Legal Hotline is a member benefit that has been supporting members for over 25 years. Our team of lawyers answers your important questions about real estate transactions quickly and accurately (usually within three business hours!).
Bonus! Here are some tips to help make the Legal Hotline work for you!
Information accurate as of 03/02/23
You might also like…
The Latest Update on FinCEN’s Beneficial Ownership Rule
By Santiago Montalvo - February 20, 2025
The FinCEN Beneficial Ownership Rule saga has written another chapter. You can review our last update on our website. This information is accurate as of February 19th, 2025… Read More
“What steps can we take to protect ourselves and our clients from scammers?”
By Ryan Leonard - February 18, 2025
*Please note: Any questions regarding Legal Hotline Spotlights should be submitted via the Virginia REALTORS® Legal Hotline. Our attorneys are unable to respond to questions through our comments section. Q:… Read More
“Does Broker Compensation Have to Be Calculated on Gross Price?”
By Sean Olk - February 13, 2025
*Please note: Any questions regarding Legal Hotline Spotlights should be submitted via the Virginia REALTORS® Legal Hotline. Our attorneys are unable to respond to questions through our comments section. Q:… Read More