Virginia Seller's disclosure is critical to a smooth home sale and reducing seller liability, but not all owners are aware of its value when selling their home in #WinchesterVA.
The reason is seller disclosure reduces liability. If a home buyer knows about a problem up front, then they can't later claim you hid it from them. A buyer can file a consumer fraud suit that can cost you three times as much as taking care of the problem in the first place. So avoiding disclosure is like crossing the street with your eyes closed--eventually you will get hit.
Seller disclosure not only includes a duty to disclose problems you know about, but it also includes responsibility to disclose problems you should have known about. Unfortunately in our market with so many foreclosures banks are trying to sell "as is" which is always a problem when it comes to financing.
The following articles are a great place to start if you're looking for information about the sales process and how you can get more for your home when you decide to sell your home.