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Subject Expert
Whether or not you need to us probably debatable. But I think you should to keep your conscience clean
Up to them to research the area.
I’m team Up to the Buyer here.
definitely if they ask
Nope not necessary that falls under their due diligence
It doesn’t matter though. It doesn’t matter that you know. There is no obligation to give them a neighborhood update or anything. Every restaurant in the area thats closing you are going to disclose too?
Did the construction company get permits?
If so, mention it. If not, then you have no idea what may end up there after community meetings, permitting issues, loans falling through, etc.
You can share the one-story building was sold, but you don’t know what’s going in.
Totally up to the buyer to investigate the area.