What must a seller disclose before selling a home in Arkansas?

In Arkansas, sellers are required to disclose known defects or issues that may affect the property's value before selling a home. This obligation stems from the principle of transparency in real estate transactions, which aims to protect buyers from purchasing properties with undisclosed issues that could impact their investment or quality of life.

By focusing on known defects, sellers allow buyers to make informed decisions regarding their potential purchase. This disclosure includes any material defects related to the structure, systems (like plumbing or electrical), or environmental issues (such as mold or lead paint) that could significantly affect the home's desirability or safety.

The other options, while they may be relevant to the overall transaction, do not align with the primary disclosure obligations set forth in Arkansas law. For instance, property taxes owed are important financial considerations, but they do not fall under the category of defects or issues directly related to the property itself. Home insurance details may be pertinent during the buying process but are not a legal requirement for disclosure. Similarly, previous sale prices can inform a buyer about the market, but they do not directly impact the property's physical condition or value in the same way that defects do. Hence, the requirement for disclosing known defects is prioritized to ensure that buyers are fully aware of any potential risks associated