Why Are Seller Disclosures So Important?

If you are selling your home, you need to disclose any issues there are in the property. Creating a regular home maintenance schedule can help you avoid any trouble during your home sale. Thinking of selling? Get a free home valuation Thinking of buying? Search all homes for sale on the MLS If you did an Internet search for real estate lawsuits, you would encounter many cases involving seller disclosures. When you sell your property, you are required to disclose any material facts that you are aware of regarding the property. For example, I would have to disclose that we can hear the tones and announcements of the local high school because we live so close to it. Of course, the majority of those lawsuits involve much more ominous omissions on the behalf of the seller, but to be safe, you need to disclose anything you know about your property. Therefore, it is incredibly important to keep a regular maintenance plan in place. By keeping up with home maintenance, it is pretty likely that you will have fewer issues to report on your disclosure. “ A home inspector can give you a list of items to work through. ” If you are the type of homeowner that waits until the dishwasher breaks or waits for something to be obviously broken, we recommend having a home inspector come out to your property every five years. They will give you a list of issues that you can work through before you sell your home. Finally, I recommend that you get a home warranty for your buyers that will cover the major items in your home, such as the roof, appliances (if they are being sold with the property), the pool, and other major systems. If you have any questions about home maintenance or seller disclosures, give me a call or send me an email. I would be happy to help you!

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Why Are Seller Disclosures So Important? is an episode from California Real Estate Podcast with Andrea Manroe by Andrea Manroe.

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This episode was published on Oct 28, 2016.

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