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What do you have to disclose when selling a house? See a comprehensive list of what may or may not need to be disclosed when selling a home.
Bill Gassett's insight:
When you are selling a home do you have to disclose any problems to the buyer? A great question right? The answer, however, is not so cut and dried. The reason why is because disclosure laws vary dramatically from state to state.
For example what needs to be disclosed in Massachusetts could be far different than California. This is in fact, the case!
This makes it very confusing for home sellers who want to do the right thing when selling a home. Homeowners often ask real estate what I need to disclose when selling my home. Of course, when they are asking the question there is probably some specific issue they are concerned about.
On the other hand, there are some sellers who just want to conceal everything they know about their home. In states where disclosure is a must, this can cause some serious problems.
Without a doubt non-disclosure of issues can lead to a nasty lawsuit.
In the article referenced above, you will see on of the most comprehensive articles ever written on potential problems that might need to be disclosed when selling a home.
Keep in mind these items might not need to be disclosed. It really depends on what state your home is located in. This is something you should discuss with a local real estate professional or attorney.
Finding out your obligations is important when it comes to disclosure.
If you enjoy the article and find it helpful, please consider either scooping it or sharing socially.
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When you are selling a home do you have to disclose any problems to the buyer? A great question right? The answer, however, is not so cut and dried. The reason why is because disclosure laws vary dramatically from state to state.
For example what needs to be disclosed in Massachusetts could be far different than California. This is in fact, the case!
This makes it very confusing for home sellers who want to do the right thing when selling a home. Homeowners often ask real estate what I need to disclose when selling my home. Of course, when they are asking the question there is probably some specific issue they are concerned about.
On the other hand, there are some sellers who just want to conceal everything they know about their home. In states where disclosure is a must, this can cause some serious problems.
Without a doubt non-disclosure of issues can lead to a nasty lawsuit.
In the article referenced above, you will see on of the most comprehensive articles ever written on potential problems that might need to be disclosed when selling a home.
Keep in mind these items might not need to be disclosed. It really depends on what state your home is located in. This is something you should discuss with a local real estate professional or attorney.
Finding out your obligations is important when it comes to disclosure.
If you enjoy the article and find it helpful, please consider either scooping it or sharing socially.