Augusta
VIP Contributor
There's always the need to have the natural hazards disclosure report handy as a seller which you would need to hand over to a property buyer. This is to disclose discloses if a property is located in an area that has a higher risk of natural hazards. The buyer will be to know about the property Special flood hazard area, area of potential flooding, very high fire hazard severity zone, Earthquake fault zone etc.
So what's are the reasons for thos report. They include the following;
Firstly the report is to inform the buyers of the risks involved in buying the home like the area being prone to wildfires etc
Secondly so that you the seller would not be liable should the property be destroyed by a wildfire as the buyer was informed before buying.
So what's are the reasons for thos report. They include the following;
Firstly the report is to inform the buyers of the risks involved in buying the home like the area being prone to wildfires etc
Secondly so that you the seller would not be liable should the property be destroyed by a wildfire as the buyer was informed before buying.
