Florida Disclosure Laws
Florida law requires sellers to disclose known facts that materially affect the value of the property and are not readily observable to the buyer. This principle comes from the landmark case Johnson v. Davis.
Authoritative Sources:
Understanding Flood Zones
Properties in Special Flood Hazard Areas (SFHAs) require mandatory flood insurance if mortgaged through a federally backed lender. Buyers will research these zones, so sellers should understand their property's designation.
Disclosing Past Water Damage
Even if repaired, past flooding or significant water intrusion must generally be disclosed to potential buyers to avoid future liability.
[NEEDS CONTENT FROM MIKE: Explain how you assess properties in high-risk flood zones (like Cape Coral and Fort Myers Beach) and whether elevation certificates are required for your offers.]