3 Home Disclosures That You May Not Have Thought Of

Posted on: 9 February 2017

If you plan to sell your home in the near future, it is important to consider everything when it comes to disclosures. You will likely notice the very apparent disclosures. Plumbing problems, issues with the roof, cracked sidewalks, and the like are quite obvious. However, there are some disclosures that are just as important that you may not have thought of. Here are some examples:

Death in the Home

If anyone has died in the home, you will be required to disclose it in certain states. You may even have to disclose the nature of the death, especially if it were of a violent nature. Death can have a major impact on a buyer's decision. You are only required to disclose the deaths you know about that happened in the home, or those that occurred while you lived there. If you have a very old home, you will certainly not know exactly many people died there, but definitely list those that you are aware of. This way, a buyer will have all the facts so that they can make an informed decision.

Presence of Lead Paint

Lead paint is a major issue for homes built in the pre-1980s era. The government will require the disclosure of lead paint in a home before it can be sold. With this disclosure, the buyer will have the opportunity to have a paint inspector check to the home to see whether or not the home is safe. If you are the seller and you're not sure if the house has lead pain, you may want to add this disclosure if the home was built before this time period, just in case. This will ensure that you are covered in the event that the buyer discovers there is lead paint in the home after purchase.

Problems With the Foundation

The foundation is the building block of the home, and any problems with it will need to be disclosed. If a foundation is damaged, it can cause significant problems for the home. The home could shift and cause major structural decline. It can cause dampness in the basement or cause floor damage. If you are unsure whether or not your foundation is at risk, you can walk around your house and look for signs of damage. Cracking is one major risk factor of foundation problems. If you have a feeling that the foundation is faulty, be sure to either fully disclose it or consider having it inspected by a professional to fully determine what the problem is.

For more information and advice, talk to a realtor.


Saving Money On Real Estate

After I got promoted at work, I realized that there were a few things I wanted to do with all of the extra money. One of the biggest goals that I had was investing in local real estate, because I wanted to experience what it would be like to own multiple properties. It was really overwhelming at first to put in the offers, but after awhile I got really good at saving money on real estate and seeing the rewards. This blog is all about knowing which properties to invest in and focusing more carefully on the art of getting a great deal.