Should homeless encampments be on the seller's disclosure!
What should be on the seller's disclosure form? Several people have asked me this question. We have run the gambit in our state of what is on the seller disclosure. At one point we were asked if there were any farms within a radius of the home. This didn't make much sense for a house or condo in downtown Seattle or Tacoma.
The main reason for writing this was from a question I received from a new homeowner. (Not my client!) She told me that she was never informed that there was a homeless encampment (Its been there for more than 6 months) not two blocks from her house she had just purchased. She thought it should've been disclosed by the seller. The encampment is behind a church but definitely has caused houses for sale nearby to remain on the market, and if sold, affects the price point. Of course, a lawyer, had told this lady she should sue both the listing and the selling brokers and agents. The old blame game.
On our current seller's disclosure I find no mention of what the neighbors depict as an eyesore. Some of these neighbors have had their houses on the market for several months. We all understand that the economy has a lot to do with houses not selling but when you throw in an unzoned multifamily development, people get suspicious.
I would not have known of this encampment unless I've had been told what to look for and where. Our inspection addendum does allow for a neighborhood review however does one expect to encounter a homeless encampment in a suburban neighborhood? If you saw a church with a large fenced in area in the back; would you become suspicious?
What is your line of thinking on this?
This post was authored and picture taken by Paul Henderson ©2012, All Rights Reserved, This content may not be reproduced or reprinted (Except for ActiveRain Re-blogging) without express written permission of Paul Henderson, RE/MAX Professionals, Tacoma, WA.