Honesty is the best Policy

Posted by Kayla Wilson on Wednesday, February 19th, 2020 at 4:09pm

Hiding relevant and material defects with your property not only is it illegal but it can come back to haunt you, being honest with your Realtor helps the Realtor selling your home, strategically market the property. When you sell your home there are somethings by law that have to be disclosed. If your house was built prior to 1978, federal law requires you to disclose whether or not you are aware of the presence of lead-based paint. In most states, sellers are required to disclose the presence of any type of pest infestation, including bats, mice, and bedbugs.

Many sellers fear that disclosing past water damage will send a potential buyer running. But by failing to disclose, the seller risks scaring off the buyer when the home inspection uncovers evidence of damage.

Treating a house for termites is expensive, and if fresh termite activity is found in the structure of your home, the buyer’s lender may refuse to loan money until the house has been treated and any damage has been repaired. If your house had termite damage in the past and you had the house treated, be sure to disclose the information (and show your receipts).

Most states require you to disclose knowledge of any previous roof leaks or damage. It’s better to inform the buyer up front rather than lie and then have the lie discovered during the home inspection. A reasonable buyer is not going to pass up your home just because you had a leaky roof fixed. But if a buyer finds out you lied about the condition of the roof, she can legally pull out of the contract.

A home’s mechanical elements, including its wiring, plumbing, and HVAC system, are thoroughly checked during an inspection. If you’ve had electrical, sewer, heating, or air-conditioning issues, detail them thoroughly on the disclosure form.
All in all if you are selling your home, disclosing the issues your house has in the long run benefits you the seller, by helping the agent create a informed strategy and marketing plan. I hope you learned something or maybe you have questions, if so please send me a message. I want to answer all your questions

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