Its been on the market how long? Update the property disclosure!

By
Real Estate Agent with eXp Realty 639287

 

FOR THE PROTECTION OF ALL PARTIES UPDATE THE PROPERTY DISCLOSURE!

These days with some homes sitting on the market for long periods of time, updating the property disclosure is an important task for sellers.  I always have my sellers fill out the property disclosure at the time I take the listing so that it is available for any prospective buyer to review before making an offer.

With the market as it is, some listings may be on the market for longer periods of time.  Whether repesenting the buyer or seller, if the listing has passed the one year mark I make it a point to ask sellers to review the property disclosure they filled out at the original listing.  Condition of a home  can change over a period of time, storms may cause damage, roofs may start leaking, faucets start dripping, etc. For these reasons everyone involved in the transaction will benefit from a CURRENT property disclosure.

Posted by

Christi Koch

575-644-7299

www.KochEXIT.com

 

Representing Buyers and Sellers in Las Cruces and the Mesilla Valley

New Mexico "The Land of Enchantment"

 

EXIT REALTY HORIZONS

 

Comments (3)

Sonja Babic
Sonja Babic/PRIME Realty NC, LLC - New Bern, NC
New Bern NC, PRIME Realty NC, LLC

Property disclosure, POA dues, PICTURES!!! Agents please lets remain professional :)

Jun 22, 2011 04:40 AM
Mark Brian
Silver Star Real Estate LLC - Anderson, SC
Anderson SC Realtor

Excellent advice! Too many times I have seen an agent reduce the price in the MLS but leaves a phrase such as "Won't Last long at $X" with $X being the original higher list price. And keeping the disclosure up to date is even more important for the liability problems for both the seller and agent.

Jun 29, 2011 04:03 AM
Christine Koch
eXp Realty - San Antonio, TX
Realtor - eXp Realty San Antonio TX

Sonja , than  you for stopping by my blog.  We all need to keep up with the important stuff!

Jul 10, 2011 04:33 AM