Sellers - Get Out of Jail FREE
It's finally time to put your house on the market, Sellers.
You've contacted a qualified REALTOR,
you've followed their advice,
staged the house to sell,
priced it well,
made it as available as possible for showings,
so what else is there to do?
Make sure you've got your Get Out of Jail Free card!
Sellers Disclosures, filled out properly, clearly, and completely,
can keep you out of a lot of harm in the transaction.
After the sale is complete and the Buyer moves in, the last thing you want is for the Buyers to strike up a conversation with their new neighbors about the house and have it go something like this:
"Welcome to the neighborhood! How are you settling into your new home?"
"Thanks! Everything is great. It's wonderful to have so much storage in that nice, dry basement!"
"Dry? Why every time it rained, the people that used to live there had a bucket brigade getting the water OUT of the basement!"
If you know it, disclose it. If you don't know it, mark it as unknown.
Have someone else read your disclosure after you're finished with it to make sure it makes sense. If you're telling the prospective buyer you had a problem with a part of the house, make sure you tell them the whole story: what happened, what you did, and furnish copies of related paperwork, invoices, etc.
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Remember that when you're done with the sale of your house, you want to be DONE with it.
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