I Like Dates, Don't You?

I remember when a buyer and I looked at a house that advertised a 'newer' air conditioning system and roof. We questioned what 'newer' meant. In checking further and asking for documentation we found that the system was 13 years old. The original paperwork for the unit was all we needed for clarification. We were also able to get an accurate age on the roof.

When looking for a house to purchase, buyers like to know dates. Insurance companies also like to know dates. They like to know how old the roof is, how old the A/C is. Has the electric and plumbing been updated? When? How old are the appliances?

Time flies and sometimes these dates slip away from sellers.

In selling a house it's important to gather those important documents to pass along to a buyer, should they or their insurance company ask for them. If those items have recently been updated or replaced those are items that should be included in the notations of the property listing. These dates often help a prospective buyer in making a decision on a particular house.

On traditional sales sellers fill out a property disclosure, noting any defects they are aware of. But, often, questions come up. With proper documentation and receipts there's no question as to the age of the roof, air conditioning system, appliances or hot water heater.

Owners, gather all those important papers and keep them in a handy place.

And buyers, be sure to have your Realtor ask to see copies of these documents.

NOTE: On foreclosed properties, there are no warranties, no property disclosures and no documentation. The sellers that owned the property are gone. And, the banks selling the properties do not have any of these records. So, unfortunately we don't have dates on appliances, the electrical system, the roof, etc.  But, check with your city or county to see what dates permits were pulled.