Fishhawk Lake Real Estate--Sellers Please Disclose!

By
Real Estate Agent with John L Scott Market Center 700512026

Fishhawk Lake Real Estate--Sellers Please Disclose!

I was talking to a neighbor yesterday about the home he recently bought. He was represented by a Portland agent and that same agent represented the sellers. 

I knew the property well, as I had listed it before the sellers had bought it and had a sale fail due to some inspection issues. 

These issues were not disclosed to my new neighbor. He had no idea that there had been dry rot along an outside wall and window seat inside. I told him that the previous buyers had gotten a "roof expert" who told them that the roof was shot and it needed to be completely replaced. That sale didn't happen, but my sellers at the time took it off the market, had the roof done, while repairing the dry rot, only to find out that the roof really didn't need to be replaced! (So much for that roofing expert). The sellers that he bought the home from were very well aware as they purchased the home after the work was done and it was disclosed to them by my sellers. 

All of this was unknown to him.He had lived in California at one time and said that you have to disclose everything from a person dying in the home to noise level in the area. I explained to him that these items SHOULD have been disclosed by the sellers whom his agent represented. 

Sellers need to disclose everything that they are aware of with their property and it clearly states that if you need to write more about a leak, or dryrot, or foundation issues and the like, that you attach another sheet explaining this. It is paramount that the seller's  REALTOR® explain clearly  and definitively that ALL knowledge of the property be disclosed according to their state laws.

 

Whenever I represent a property that has been flooded, I speak with the owners/sellers and have them write in their own words what happened, how it was fixed, when and by whom. If they have photos, video then let me have access to that as well. FULL DISCLOSURE is the right thing to do. 

It further proves that if you work with a REALTOR®  in the area and not outside of it, you will have access to history of the homes, the surrounding community and be very well represented. 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Groups:
Local Expert
A Realtor's Life
Diary of a Realtor
Best Practices
Tags:
full disclosure
fishhawk lake real estate
representing a seller

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
2,757,003
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Gayle - Going local is especially important in markets like yours - because you live there, you have a wealth of knowledge about not only the area but the history of individual properties as well, and that is a very valuable resource for both buyers and sellers.

Feb 25, 2015 01:44 AM #1
Rainmaker
670,432
Patty Da Silva, Davie, Southwest Ranches Cooper City, Plantation, Weston, REALTOR
BROKER of Green Realty Properties® - 954-667-7253 - Davie, FL
Top Listing Broker

Excellent blog Sharon. Sellers need to think that they will also buy a home somewhere and what would they feel if the home they bought isn't exactly what they thought it'd be.

Feb 25, 2015 01:47 AM #2
Rainmaker
4,356,319
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Gayle,

We Californians are well trained as we are one of the most litigious states.  We just had a meeting with our clients here and were talking about disclosures.  We did with our clients.  A 

Feb 25, 2015 02:33 AM #3
Ambassador
1,494,227
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Full disclosure is always a must do when listing a home!

Feb 25, 2015 02:41 AM #4
Rainmaker
3,270,372
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Gayle --- as we find out nearly every day in ActiveRain -- disclosure laws vary by state.   As Alexandra Ron & Alexandra Seigel commented -- California is highly litigious so the crossing of the "t"s and dotting of "i"s is just the beginning.  

As I tell my seller clients, if you don't disclose of a known condition -- you can be sure the neighbors will -- we call that the Mrs Kravitz phenomenon(the nosy neighbor from the old TV series Bewitched).   

Feb 25, 2015 03:05 AM #5
Ambassador
1,342,265
Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Local Expert!" 503-755-2905

Exactly, Dick Greenberg! They would have been better off for sure. Living here both part time in the past and full time for the last 10 years, quite often, if I don't know the complete history of a home, I can at least go back 2 owners! And can also mention weather patterns, and where the sun comes up and and and....

A~oh my, YES. Litigous is a good word.

John, an ABSOLUTE must. 

Michael Jacobs--I used to refer to Mrs. Kravitz, too! We ARE of a certain generation where some of the classic sit-coms still can be referred to today. Recently, a fella said, "I know nothing!" and I told him where that had come from, Hogan's Heroes. But, back to your point, the neighbors WILL talk, so best to be honest with no repercussions! 

Feb 25, 2015 03:56 AM #6
Rainmaker
1,728,464
Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Gayle Rich-Boxman Fishhawk Lake Realtor (503)755-2905 ....You can never disclose to much!

When in doubt ....Disclose, disclose and disclose some more!

Have a great night in Fishhawk!

Feb 25, 2015 06:34 AM #7
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
1,342,265

Gayle Rich-Boxman Fishhawk Lake Real Estate

"Your Local Expert!" 503-755-2905
Want to know more about living on a private lake?
*
*
*
*
Spam prevention