When you and your real estate agent are drafting up the wording for your home that is about to go on the market, your chief priority will be to make the property sound appealing. With this goal in mind, you may be tempted to ignore any potential problems with the home that have been fixed. Even if these things aren't actively a problem, it's proper to report them. In some cases, a new owner may attempt to pursue legal action against a previous owner upon discovering an issue that wasn't disclosed at the time of sale. Here are some things that you should always disclose.
If your home's basement has ever flooded, it's important to disclose this fact in your real estate listing. Don't worry that it will scare people away — as long as you took the necessary repair steps after the flooding, this can actually be a good opportunity to highlight some features of the basement. For example, you might write that the basement flooded during a notable tropical storm three years ago. You can then add how you removed the walls and had them replaced, put new insulation in, redid the flooring, and performed any other repair jobs related to the flooding. This can leave your basement in better condition that was it before the flooding.
Damage to a foundation, even if it has been repaired, is something that must be mentioned in your home's listing. This disclosure is necessary because a cracked and repaired foundation might not be evident during the home inspection, leaving your buyer with an eventual surprise on his or her hands. In addition to mentioning that the foundation was cracked and repaired, you should list the name of the repair contractor to show that the job was done professionally. You can also provide before and after photos of the job to give prospective buyers the confidence that the damage is no longer an issue.
A Death In The Home
If someone passed away in your home — perhaps you had an elderly family member living with you — this detail is vitally important to disclose. In many cases, this won't scare buyers away, and you'll feel better than this information is out in the open. You don't need to disclose specific details related to the death; the average buyer knows that he or she may occasionally come across this situation when perusing the market.
For more tips, contact a company like Premier Property Group III.