What is the seller's agent obliged to do after a windstorm damages the property following the completion of the Seller Disclosure Statement?

The seller's agent is obligated to inform the buyer's agent about the windstorm damage after the completion of the Seller Disclosure Statement. This responsibility stems from the principle of honesty and transparency in real estate transactions. When a property sustains damage, it can alter the buyer's perception of the property's value and their willingness to proceed with the purchase.

Communicating this information ensures that the buyer is fully informed of any issues that could affect their decision. By contacting the buyer's agent, the seller's agent is acting in accordance with the legal principles governing agency relationships and fiduciary duties. These duties require agents to disclose material facts that could influence a buyer's choice.

Repairing the property immediately might not be a feasible option and could depend on negotiations and agreements between the parties involved, while modifying the purchase agreement or negotiating a price reduction are actions that may come after that initial disclosure but are not an immediate obligation of the seller's agent in response to new information.