Delaware Disclosure Law
6 Del. C. §2571 requires sellers to provide a Seller's Disclosure of Real Property Condition Report before or at signing of the sales contract.
What Must Be Disclosed
Coastal and Flood Zone Considerations
Many Delaware beach properties are in FEMA flood zones. Sellers must disclose flood zone status. Buyers in flood zones should budget for flood insurance ($1,500–$3,000/year). This is a material fact that must be disclosed even if not explicitly on the form.
Exemptions
Foreclosure sales, estate transfers, new construction by builders, and court-ordered transfers are exempt from the disclosure requirement.
Penalties
Knowingly failing to disclose a material defect entitles the buyer to rescind the sale and recover damages under Delaware law. Sellers may also face liability for fraudulent misrepresentation.
Download the Delaware disclosure form via the Delaware disclosure guide.