Admin

What to Disclose When Selling Your House

By
Real Estate Agent with Sharon Paxson, Realtor® EQTY Forbes Global Properties 01501912

Are you considering selling your home? Prior to selling it is ideal to get your home in tip top condition. Be sure to address any past maintenance items, or any deferred maintenace. Very important considerations are plumbing items, water leaks can lead to other issues that any buyer would want to know about that.

What is the condition of the roof of the house? Has it been replaced, repaired? If so, by who and when, having those documents in order will be helpful to any buyers who may have questions about the roof.

Do you have any pests? It is very common in California to see termites, so that inspection is often done. Termites can also be very destructive and if there is active infestation, that may need to be remediated prior to selling.

Buyers often ask about the square footage of the house, in most cases this information is obtained from the tax records or assessor, however if there was an addition, the square footage may fluctuage.

Below are some of the disclosures that need to be considered.

 

Your agent will provide you with disclosures to fill out and I recommend you review those carefully with your agent to ensure you are accurately providing information.

If I can answer any questions about this topic, please contact me.

Posted by

Sharon Paxson REALTOR®
EQTY Forbes Global Properties
949.280.0681

DRE 01501912

 

 

 

 

 

 

 

 

 

 

Comments(13)

Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker Realty, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Sharon Paxson - A good list of items that sellers need to consider as they go through the selling process.   I hope sellers in the Newport Beach area give you a call to learn more about local property disclosures! 

Jan 21, 2016 07:28 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Sharon - sellers should protect themselves by disclosing to their real estate agent first.

Jan 21, 2016 07:35 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Sellers try to hold back for fear of being asked to repair or for the costs to repair.  If they have lived in the house long enough or are in doubt a pre-listing inspection is the best approach

Jan 21, 2016 09:39 AM
Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Luxury Division Specialist

And for maximum sale price, DECLUTTER.  Most movers have a declutter program and they will assist the home owner to pack a POD and put it away until the home sells and then assist in packing the rest.   

Jan 21, 2016 10:37 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Sharon

Your post is right on point . . . . Great tips.

Good luck and success.

Lou Ludwig

Jan 21, 2016 12:11 PM
Faith LaRosse
Springer Realty Group - Limerick, PA
Serving Berks, Chester & Montgomery Counties

Very good answer to a question that comes up all the time!

  I had to drop by today for a virtual visit Sharon Paxson here on your nice warm, sunny page in Newport Beach with our abomidable weather we're expecting this weekend!

Jan 21, 2016 08:06 PM
Potranco Realty
Potranco Realty - San Antonio, TX
"Sold with Potranco Realty"

Disclose, disclose, disclose, I always tell our sellers when in doubt disclose it. Great advice Sharon.

Jan 21, 2016 08:08 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hi Sharon --- it's best to know upfront about any issues in a transaction than to learn after the fact.   Having disclosures completed in advance is best in my opinion.      

Jan 21, 2016 10:35 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sharon, GREAT post, and sellers do need to know what to disclose to potential buyers. 

Jan 21, 2016 10:43 PM
Jeff Stevens
Berkshire Hathaway HomeServices New Mexico Properties - Las Cruces, NM
Jeff Stevens, Associate Broker/REALTOR

If a house is in bad condition I always recommend the seller pay for a Home Inspection before it goes on the market. This way there are no surprises when it goes under contract. Great post.

Jan 21, 2016 11:39 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Sharon. It takes lots of coaching for most sellers, this list is a good way to start, unfortunately many ignore what they need to know.

Great job with your post!

Jan 22, 2016 12:26 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Hi Sharon, Sellers many times don't think deep enough or far enough back or think it doesn't matter. It does and buyers want to know.

Jan 22, 2016 01:53 AM
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By Real - Alexandria, VA
Alexandria Virginia Homes For Sale

Sharon, great post. When in doubt disclose, more often than not buyers want to know all the details in order to make an informed decision.

Jan 22, 2016 04:08 AM