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What should I disclose as a seller to potential homebuyers? This is a common question when selling a home, and the simple answer is to disclose anything that could impact the property’s value. Whether it’s a leaky roof, mold, electrical issues, or past infestations, buyers need to know about them.
Being upfront isn’t just about following the law. It’s also about being transparent and building trust. When your buyers have all the information, the process is bound to go smoother. To give you an idea, here are five things your buyers would want to know about your home:
1. Property defects and issues. It’s important to reveal any defects or issues that could impact its value or livability. As I said, a leaking roof, plumbing problems, or structural damage should all be disclosed to the buyer even if the issue has been fixed. Full transparency is a must and helps the buyer understand any past problems.
2. Potential health and safety risks. There are specific hazards that must be disclosed to the buyer, especially if they pose a risk to health or safety. Examples of these are flood zones, earthquake-prone areas, or near a hazardous waste site.
3. Past events and issues. While some things may not seem significant at first glance, certain past events can impact a buyer’s decision. This includes any history of mold, pest infestations, or even major repairs. In some areas, you may also be required to disclose whether a death has occurred on the property.
4. Previous inspections and reports. If you’ve had inspections or repairs done on the property, provide copies of these reports to the buyer. It’s an easy way to show that you’ve been proactive in maintaining the property and that it’s in good condition. Sharing these documents can help expedite the transaction and give the buyer more confidence in their decision.
5. Title and liens. Before closing the sale, you’ll need to disclose any legal claims against the property, such as liens or unresolved debts. Buyers typically conduct a title search during escrow, but it’s best to provide this information upfront. This helps avoid any potential delays in the sale.
Being transparent with buyers not only helps you comply with legal requirements but also builds trust and creates a smoother process for everyone involved. To make the process smoother, we even have a disclosure package ready, which includes the Transfer Disclosure Statement (TDS), Seller Property Questionnaire (SPQ), and a Natural Hazard Disclosure (NHD) report.
I know this entire disclosure process sounds like a lot of work, so if you’re planning to sell, don’t hesitate to consult a real estate professional to ensure you’re meeting all the requirements. You may call or text me anytime at 916-257-0893, or email me at Frank@FrankValente.com.
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