Are you selling your home? If you're parting ways with your home in the near future or thinking about selling later on down the road, there's a number of things you must disclose to the potential buyer depending on the state in which you reside. Some of the suggestions on the list might surprise you, so it's best to do your research and know everything you need to reveal before diving into a deal. With your legal requirements and civil duties as a seller in mind, don’t sell your home without disclosing these seven things.
- Missing Parts
The buyer might not notice when the house is missing a critical component in the frenzy of buying the house, so give them a heads-up if the house doesn’t come with things like kitchen appliances, heating and air conditioning systems and water heaters.
- Water Damage
The buyer needs to know about the past and present water damage. Present a detailed recap of all the home’s leaks and floods to shed light on the home’s structural integrity and susceptibility to mold growth.
- Recent Repairs
The buyer should be warned in advance about the home’s repair history, so offer an accurate account of the work that’s been done on the house to highlight problem areas and forecast future repairs.
- Homeowner’s Association Membership
The buyer has the right to be notified if the homeowner’s association governs the home, so present all meeting notes to make sure there are no surprises later on.
- Environmental Threats
The buyer deserves to learn about potential natural hazards, such as natural disasters and environmental contaminations, before signing the papers, so make these facts known ahead of time to make sure the buyer knows what he or she might be in for later on.
- Neighboring Irritants
The buyer has to be aware of any inconvenient noises or odors close to the property, so refer to nearby headaches, such as farms, landfills, and airports, which might be a nuisance for the new homeowners.
- Deaths in the Home
The buyer often wants to know if any deaths have occurred in the home, so be crystal clear about any tragedies that took place as a result of the property’s condition while highlighting any natural deaths, suicides or accidents upon request.
When you make the decision to sell your home, you take on a number of responsibilities as a seller to ensure a smooth transaction. The more transparent you are about your home the better the selling process will be, and the potential buyer will thank you for the clarity. If you’re interested in getting more details about the list of things you have to disclose during the sale of your home, please don’t hesitate to contact me today
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