If a seller is aware of major issues with a plumbing system, what should they disclose?

When it comes to real estate transactions, transparency is key, and the ethical and legal responsibility of the seller is to disclose all known issues with a property. This includes any significant problems with the plumbing system. Full disclosure protects both buyers and sellers by ensuring that potential issues are identified before a sale is finalized.

By disclosing all known issues, the seller helps to establish trust with the buyer and can potentially avoid future litigation or disputes related to non-disclosure. Additionally, many states have specific laws regarding disclosure obligations, which typically require sellers to inform buyers about anything that might affect the property's value or livability.

Choosing to only disclose some issues, only those reported, or no issues at all can lead to serious consequences, including legal ramifications and damaged reputations. The obligation to disclose all known issues is crucial in maintaining transparency and fostering a fair real estate market.