I’m Selling My Home. What Do I Have To Tell The Buyer?
Selling your home is a major decision, and it could be important for the future of your Connecticut family. You understand there is more to selling your home than simply putting up a sign in your yard and entertaining offers from potential buyers. In fact, there are certain things you must tell potential buyers about your home.
Required disclosures are an integral part of the home-selling process. You must tell the buyer about potential problems with the house, but that does not necessarily mean you must give a detailed report of every single tiny problem they may find. It could be helpful to seek legal guidance as you navigate this process in order to ensure you meet all of your legal obligations.
So what do I have to do?
As the seller, there are certain things that you must disclose to someone thinking about buying your home. These requirements are in place to protect the best interests of the buyer, and failure to meet these obligations can result in serious complications down the road. Some of the things you will have to do include the following:
- You likely do not have to go searching for problems with your house, but you do have to be upfront and honest about the issues of which you are already aware.
- It is prudent to find out if you need an inspection of your home. While it may not be a requirement, it could be a contingency included in the purchase contract.
- You must disclose the presence of lead paint in your home, including warnings about the lead paint and give the buyers enough time to inspect the property.
Selling a home can be a complex process, and failure to make necessary disclosures could prove to be a hindrance as you pursue your ultimate goal of selling your home.
You do not have to do it alone
Many people think that all they need to buy or sell their home is an experienced real estate agent. In reality, it is beneficial to seek legal guidance as well. This is a major financial and legal transaction, and having experienced support can prevent avoidable problems and unexpected issues.
If you are considering selling your home or your home is already on the market, it could be helpful to seek a complete evaluation of your situation. When you understand your options and requirements as the seller, it can be easier to reach your goal of completing the sale.
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