Selling House – To Disclose Or Not To Disclose

Buying a real estate property is tricky, especially when they come with traumatized incidents. Most sales contract states that seller needs to disclose anything and everything that happened in or with the house that is considered out of ordinary. Whether you need to let the buyers know about the incident or not depends on the incident itself. 

Let us start with the highway that is planned by the city near the seller’s house. Is the seller supposed to disclose it in the disclosure form? The answer is, maybe, because the buyer’s assessment of the property’s worth may change with this new information. What about the street widening in front of the house that will take about a feet from the front lawn? This is a gray area that depends on how the buyer or agent interprets it. However, the buyer needs to know about it as it is an encroachment … Read More