What disclosures do you have to make when selling a home?

On Behalf of | Dec 6, 2017 | Blog, Firm News |

Selling your home could be an important step for your Florida family, but there is much more involved than simply finding a person willing to buy it. As the seller, you have several obligations to any potential buyer, and you would be wise to understand these requirements fully.

When selling a home, you must provide a list of disclosures to the buyer. This step is necessary in order to ensure that a buyer does not end up stuck with a home that is full of hidden problems and financial pitfalls. However, as the seller, you may find it useful to know what you must tell the buyer and how you can avoid any unnecessary complications before closing.

What do you have to do?

In general, you must tell a potential buyer about any possible problems that could affect the overall value of the home such as problems with the foundation. In fact, it is against the law to hide these types of problems. If you are selling your home, you may find it useful to understand the following:

  • You do not necessarily have to hunt for problems with your house as you are selling it. Legally, your disclosures only have to include problems of which you are already aware.
  • You do not have to hire someone to inspect your property, but doing so could help you avoid complications if there is a new problem discovered before closing.
  • It is not a requirement for you to repair problems with your property, but you do have to warn buyers of safety hazards, such as lead paint in the house.

Selling a home is a major legal and financial transaction. Many people fail to see why they need help outside of a realtor, but having legal guidance during this time can be greatly beneficial. This type of guidance could help you avoid complications and get you to closing.

How you can protect your interests

When selling a home, various complications could arise and prevent you from reaching your goals. With the right help, it may be possible to mitigate some of the potential problems that can keep you from successfully completing a sale.

It is prudent to fully understand required disclosures and other things that you must do as the seller. When it comes to something as important as selling your home, you would be wise not to take any risks with your current or future interests.

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