Are seller disclosures mandatory?

In South Carolina, seller disclosures are mandatory when it comes to residential real estate law. The South Carolina Real Estate Commission requires sellers in the state to fully disclose all known defects to potential buyers of their property. These disclosures are made prior to signing any sales contract in order to ensure that buyers are given the opportunity to make an informed decision about the purchase. The mandatory disclosures cover a variety of topics, including any structural, environmental, or mechanical defects that exist on the property. The seller must disclose whether any major repairs or renovations have been made, whether the grounds have any lead-based paint hazards, and whether the property is in a floodplain or has any other environmental hazards. The seller must also disclose any visible signs of mold or mildew. While seller disclosure is mandatory in South Carolina, it isn’t necessarily comprehensive. Buyers should still invest in an inspection and be sure to ask their real estate agent if any additional information is available about the property. It is ultimately the buyer’s responsibility to ensure that they are making an informed decision about the purchase of a home.

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