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A sample of facts about a property that a seller in
many states will have to disclose to a
buyer.*
1. Any corrections or a repair that
have been done or others have done for you and that you believe the
problem has been fixed.
2. Problems with the roof such as leaks,
and repairs.
3. Problems with plumbing such as leaks,
backups, or basement
flooding.
4. Cracks in walls, fireplace, chimney, and
foundation.
5. Any condition that cause mold and
mildew.
6. Any estimate of work that needs to be
done but you failed to have done.
7. If failed inspection within last 2
years.
8. Lead paint disclosure pre
1978.
9. Radon Gas
disclosure.
10.
Improvements done without legal permits.
11.
Known presence of asbestos.
12.
Parking problems.
13.
Disputes that concern the property such as
boundaries.
14.
Any soil or drainage problems. Even if all right at the present
time.
15.
Safety hazards like slippery floors, cracked shower door, or loose
railing on balcony.
16. Any neighbor problems like loud music, dogs,
debris, and law enforcement problems.
17.
Violent crimes that happened inside the home or in the
neighborhood.
18.
In some states a death in the home in the last 5 years.
19.
The age of all appliances.
20.
Multiple layers of roofing material.
21.
anything in "as is condition" or items still under
warranty.
No one wants to sell a home and have to
worry about further liability. Being honest can prevent any problems
in the future.
Having a professional Real
Estate Agent from a reputable firm handle your transaction, and
getting a home warranty on all your appliances can minimize
liability.
*Disclosures
vary from state to state. Please consult an attorney, Broker or
a Real Estate Agent for further
information
