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Sellers--Do you know about Property Condition Disclosures?

By
Industry Observer with formerly with Keller Williams Realty Parishwide Partners

With so many people offering their home for sale by owner, everyone needs to know about the Property Disclosure that is REQUIRED BY LAW in the state of Louisiana. If you have just one "AH-HA!" moment, then reading this was worth it.

1. Do I HAVE to fill out a property condition disclosure in LA? YES! Disclosure is required for all residential real estate. There are a few exceptions such as when the property is involved in settling an estate or foreclosure. Disclosures are required even when the home is for sale by owner. 98% of all residential real estate requires the standard form of property disclosure mandated by law.
2.  What should I (as a seller) disclose?  Everything!  If there is a doubt in your mind, disclose it.
3.  What if the property is offered for sale AS-IS?  You still must disclose all you know about the property.
4.  As the buyer, I rec'd a copy of the disclosures. Should I share this with the home inspector?  Absolutely!  More information about the home is valuable to you AND the inspector. He can then verify recent installations, know when something is old and should be checked, or pay particular attention to areas of concern such as an old leak that was repaired.

Buyers, be SURE you have seen the proper disclosures required by law before you make an offer on any property. As your Realtor, I will make sure you know!

If you need more information, don't hesitate to call or email me.

Gayle Causey
318-614-5615
Gayle@GayleCausey.com

Posted by


REALTOR, Relocation Specialist
Direct: 318-614-5615
Find your house with your mouse: http://WestMornoeRealEstate or http://GayleCausey.com

Keller Williams Realty Parishwide Partners
1390 Hudson Lane, Monroe, LA USA 318-812-SOLD

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Licensed in Louisiana. We Support Equal Housing Opportunity.

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