Skeletons in the Closet: New Jersey’s New Requirement for Seller’s Property Disclosures

Property Disclosure Law NJ

Skeletons in the Closet: New Jersey’s New Requirement for Seller’s Property Disclosures

With Halloween right around the corner, there’s no better time to discuss the hidden horrors that can surface in Real Estate  transactions. New Jersey has recently introduced a spooky twist for property sellers: sellers are required to complete a property disclosure form, revealing any known defects to potential buyers.

What is the Seller’s Property Disclosure?
The new law requires property sellers to complete a disclosure form honestly and to the best of their knowledge. This form details the condition of the property, from structural issues to pest infestations, ensuring buyers have a clearer view of any issues within the home before they buy.

Why the Change?
Previously, sellers could opt out of providing a property disclosure in New Jersey, leaving many buyers with surprises after moving in. Now, the state aims to protect buyers from hidden issues – giving transparency in real estate transactions a major boost.

What Must Sellers Disclose?
The disclosure includes:

  • Structural Details: Any past or present damage to walls, ceilings, floors, or the foundation.
  • Electrical & Plumbing Systems: Whether these essential systems have faced repairs or experienced recurring issues.
  • Environmental Factors: Disclosures related to known mold, asbestos, lead paint, and more.
  • History of Infestations or Damage: Information about pest infestations or other environmental intrusions.

Essentially, sellers must dig up and document any “skeletons in the closet” that might otherwise surprise buyers after the deal is done.

Protect Your Investment
Don’t let the fear of “skeletons in the closet” scare you away from a real estate deal.
Transparent property disclosures keep past issues from haunting the transaction.
Whether you’re buying or selling, our team of real estate attorneys is here to help you
navigate the process and keep your transaction as stress free as can be. Contact UBFK
Law for the direction and support needed in your real estate endeavors

DISCLAIMER: The contents of this article were created to provide general information, it is not intended to create an attorney-client relationship and shall not be construed as legal advice. You should not act upon any information provided in this article without seeking professional legal counsel from an attorney licensed to practice law in your jurisdiction. No representations are being made as to the completeness or accuracy of the information contained in this article or on this site or sites linked hereto. If this pamphlet is inaccurate or misleading, report same to the Committee on Attorney Advertising, Hughes Justice Complex, CN 037, Trenton, NJ 08625. “No aspect of this advertisement has been approved by the Supreme Court of New Jersey.”
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