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When it comes to selling a home, any seller would want to sell their home as quickly as possible and at the highest value possible. Sometimes, this leads sellers not to disclose any issues they’ve had in the home, thinking it’ll be over and done with when the deal is closed. If you’re thinking about going that route, stop. While the fast sale seems appealing, lying to buyers may become a cause for legal action against you in the future, and consequently, sky-high legal costs. To help you avoid that, today, I will be outlining what you need to disclose to buyers:
As a seller, the more you disclose, the better it will be for you and your buyer. This means that it will also be better to disclose all the issues you’ve had in the past, even if you’ve already had it fixed, whether it’s a roof leak due to molds, problems under the floorboards, and the like. If you’ve had those problems fixed already, it will be a good idea to show the buyer receipts, bills, or any proof that you’ve had the issue resolved.
When buyers purchase homes and find out that sellers lied on their disclosure form, or failed to disclose something, they have the right to sue you over that and seek damages. This will put you in a very unfavorable situation. Not only will you have to deal with whatever issue that has come up in the home, you will also be neck deep in legal fees. This means that if you’re thinking about skipping a detail in your seller disclosure form, it will not be worth the hassle and trouble you may face later on.
So, if you’re planning to sell your home, you can reach out to us and we will help you cover everything you need to disclose to potential buyers. But if you’re buying a home, don’t worry; we got you covered. If you partner with us, we have the best inspectors who will be able to determine if the seller is not being completely honest with you in their disclosure form. Just reach out to us at http://www.mattoneillrealestate.com. We look forward to hearing from you!
