Estate Agents could face prison sentence

Caveat Emptor to disappear as sellers face imprisonment for not disclosing information that may affect the decision of any potential buyers.

Serious consequences may result if an estate agent fails to disclose any information which is later discovered by the buyer, with a prison sentence of 2 years being possible. If the seller is at fault for not disclosing the information to the agent, the same punishment may be enforced.

Sellers and estate agents are now required to inform any prospective purchasers of any information that may affect the value of the house. This can include any structural defects and / or information about previous sales that fell through. As … Continue reading