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When buying a home, if there has been flooding that results in damage and it has not been fixed, must that be disclosed to the buyer?

Disclosure rules vary from state to state, but most require the seller to disclose any problems known. The rules on disclosures vary according to whether the seller is an individual or a bank, and whether they are represented by an agent or not. Rules on disclosures are not as strick for bank-owned properties and FSBO's.

Whether the buyer asks about flooding should be immaterial; if a seller knows about a problem, they should disclose it.

 

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