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Wellesley, MA Real Estate Information: How Reliable is a Seller’s Disclosure?

By
Real Estate Agent with William Raveis, Wellesley MA 9057816-S

Wellesley, MA Real Estate Information: How Reliable is a Seller’s Disclosure?

Call Christine Norcross for more information – cell 781-929-4994 or to research the Boston neighborhoods, visit my website www.HomesbyNorcross.com

A seller’s disclosure (or lack thereof) of problems with his home can bring up a slew of questions, as well as a large gray area when it comes to what the truth really is. In today’s real estate market it is clear that many sellers simply want to sell their homes and when they receive a contract all they want to do is see the closing come to fruition. The desire to close can make a seller conveniently forget about issues that exist with the home and a buyer owes it to himself to seek out the truth. What is the best way to find out what issues may exist with a home? Hire a home inspector, one with a solid reputation.

A home inspection can make or break a deal but it is extremely important for a home buyer to know what issues may exists with the home that they are under contract on. Important issues like mold, a leaky roof, the presence of radon, termites and the like, can pose an inordinate amount of problems and facing them head on and clearing up the problems will benefit everyone in the long run.

Most states have disclosure laws, whereby homeowners must disclose any issues that exist. However, finding out after closing that the seller did not disclose certain information ahead of time can lead to costly and lengthy legal battles. Do yourself a favor, if you are buying your home examine it carefully before sealing your deal.

Call me if you want help with your home purchase. We have a team, Christine Norcross & Partners, at William Raveis and we can help you find your dream home in the Boston Metro West Market – Natick, Newton, Needham, Wellesley, Wayland, Weston and more.

Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

The Seller's Property Condition Disclosure isn't worth the paper it's written on.

 

May 12, 2010 12:15 AM
Sherry Siegel, Managing Broker, EcoBroker, ABR
BrokersGroup, serving Sequim and Port Angeles - Sequim, WA

Christine, we DO provide what we call Sellers Disclosure. We have three possible responses: Yes, No, I Don't Know. Not infrequently, a seller will simply mark I Don't Know to a few questions that possibly could be marked as Yes, or as No. The way I heard it best explained to a client by Deborah Norman, a co-owner of our office, is this: "You can never NOT know something once you HAVE known it." Seems to cut down on the "I don't know" responses.

May 12, 2010 05:11 PM