You should know everything!
Just kidding. But hey, wouldn’t that be nice?
If you’re looking to sell your home you will inevitably be asked to include a seller disclosure form. This document carries a lot of weight during the buying and selling process and, if not handled correctly, can cost you in the end.
Similarly, if you’re buying a home, you’ll want to get your hands on a copy of this form to alert you of any known concerns about the home.
Sellers, you have one of three options when it comes to filling out an answer. You can say “yes,” “no,” or “unknown.” The major thing I always tell clients when it comes to filling out a disclosure is this: If you genuinely don’t know, say you don’t know. Plain and simple.
Be. Honest. Disclose any reports, permits, or work done on the home. If you still have receipts from the new roof, gutter cleaning, basement inspection, etc. provide that to the prospective buyers.
Answer correctly and confidently, but don’t hide important information. Make it your responsibility to find out beforehand what issues may exist in your home and either remedy them on your own, or disclose the issues in your disclosure form. It will not only save you time in the end, but it may also save you a headache and money.