What must be disclosed to the buyer if a property has mold issues?

The requirement to disclose known mold problems to potential buyers is founded on principles of transparency and fairness in real estate transactions. Sellers are legally obligated to disclose any known material defects or issues that could affect the value of the property or pose a risk to the health and safety of the occupants. Mold can significantly impact both, as it may affect air quality and contribute to health problems.

In South Carolina, as well as in many other jurisdictions, this obligation means that if a seller is aware of mold issues, they must take proactive steps to inform buyers about these problems. This disclosure not only protects the buyer but also helps the seller avoid potential legal repercussions from failing to disclose such critical information.

Disclosing known mold issues is essential for ensuring that buyers are fully informed about the condition of the property they are considering for purchase. This principle underscores the importance of ethical practices in real estate transactions, where honesty and transparency help foster trust between buyers and sellers.