Under Kentucky law, what must a seller disclose to potential buyers?

Under Kentucky law, sellers are required to disclose known material defects of the property to potential buyers. This is essential because material defects can significantly affect the value and safety of the property and may have a substantial impact on a buyer's decision to proceed with a purchase. This requirement is intended to protect buyers by ensuring that they are fully informed about the condition of the property before finalizing their decision.

Therefore, while selling price, previous ownership history, and tax assessments are relevant pieces of information in real estate transactions, they do not fall under the category of material defects that must be disclosed. Material defects refer to any significant issues with the property that could affect its livability or safety, such as structural problems, plumbing issues, or the presence of hazardous materials. This focus on material defects helps maintain transparency and trust in the real estate market, and it is critical for safeguarding the rights and interests of buyers.