Recent upgrades to their home completed by a seller, in my opinion should be left off the MLS listing information sheet.
Why? The appraiser will refer to comments on the MLS sheet. If the underwriters note that recent work has been completed on the home, they may request a copy of the permits and may want the work inspected. If the work was not done with a permit (and a permit is not always required), the underwriters may request one be issued and that could involve a lot of additional expense. Or it could "kill" the deal.
In some cases in order for a permit to be inspected and completed after the fact, the wall covering may have to be removed. Even if the original work did not require a permit.
I inform my sellers of the possible issues with this issue when I walk through the home with them before taking a listing. I also let them know that I will make the showing agents aware of the updates and ask the showing agent to look for them and point them out to their clients.
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