Does the seller need to disclose zoning changes?
05/22/2015 | Author: Editorial Staff
My seller client knows that his next-door neighbor has applied with the city to change his property’s zoning. Is the seller required to disclose this information to potential buyers?
The seller and the seller’s agent are required to disclose known material facts about the property. Because the zoning change could be something a buyer would want to know before deciding to purchase the property, it’s a good idea for the seller to disclose what he knows about the potential zoning change.
You may want to inform the seller that, as the seller’s agent, you are also required to disclose known material facts about the property.
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