As a home seller, it is crucial that you take the Seller’s Property
Disclosure Statement very seriously. Do not overlook this step, or it
may land you in expensive litigation long after you have moved out. It
is your responsibility to disclose both the current and past condition
of the house. That means that if there were plumbing issues in the past
that caused a leak in your living room, even if you fixed the pipes and
replaced the carpet, you must let the potential buyers know about it.
As a homebuyer, don’t hesitate to ask a lot of questions. Find out
what repairs have been made to the home, which repairs have been fixed,
and what items may still have unsolved problems. Many buyers tend to overlook
problems that have already been repaired, but be cautious! Just because
a seller says they have fixed a problem doesn’t mean that it is
fully repaired. A proactive buyer will investigate those repairs, so they
have a full understanding of the value of the house and the amount of
any anticipated repairs when they move in.
If questions arise during the sales process, if you suspect something isn’t
quite right, or if a dispute has arisen after the house has sold, call
our real estate attorneys to discuss your rights and remedies under the law.