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When do sellers have to disclose material defects, vs claiming ignorance?

I think my question is ultimately: What constitutes a seller "knowing" that there is a serious issue with a home?

I recently cancelled a sale for a home I was under contract on after a nightmare inspection. We had a structural engineer come out and confirm the findings, which is that the building is not structurally sound due numerous issues and the cost to get the home safe to inhabit would be hundreds of thousands of dollars. We obviously backed out, explained our reasoning why although we didn't pay for a written report so there isn't really a paper trail.

I noticed today the house is back on the market, same asking price, and of course I have no idea what they might say to the next buyer but it does have me wondering: At what point is a seller obligated to tell the next buyer what came up during a previous buyers inspection?

submitted by /u/Antique-Signal-5071
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1so94ar/when_do_sellers_have_to_disclose_material_defects/
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