Just was watching an episode of "Flip This House" on the A&E network. When they pulled back the carpet, they discovered a huge crack in the slab that went all the way through. Next thing you know they are bringing out a team to dig holes, put in hydralics and concrete tubes and level this house back together again. It was amazing to watch but it also makes you wonder, from a real estate perspective, if this is disclosed to a new buyer?
We know, because it has been drilled into our heads, disclose, disclose, disclose. When in doubt, disclose it but does this really happen all of the time?
If someone wants to put their house on the market and there is an issue, we tell them to fix it before we list it because after an inspection, we will need to get a licensed professional to make the repair. Some homeowners don't understand this. If items are repaired before we list the property and if the owner doesn't disclose, then they are theonly ones to ever know the truth!
Comments(0)