This will relieve stress and simplify the sale of your home!
The words of a famous Roman philosopher is often quoted, ”Luck is what happens when preparation meets opportunity!”
When you decide to sell your property in gated communities in Vero Beach, FL, you’re not only aiming for luck. Through teamwork, we can achieve success in a more timely manner by adding dedication to what we do. And one of the things that makes a worry-free sale is when you follow state and federal regulations on disclosure of known facts about your property’s condition to your potential buyers.
Don’t travel down the road of nondisclosure!
Openness on your home’s condition is the best way to start a healthy seller-buyer business transaction and also the best way to avoid lawsuits, even if disclosure is not required in your state.
Water damage/mold. If you have a leaky basement, it’s best to let the buyers know this right away. And if you have already addressed the issue, keep your receipts and hand these to them when needed.
Hazardous conditions. Certain states, like Florida, require sellers to alert buyers to the possible danger of wildfires, floods, and earthquakes in the area.
Lead paint. If the property that you’re selling was built before 1978, Federal law requires homeowners to disclose any existing lead-based paint. This is referred to as the Residential Lead-Based Paint Hazard Reduction Act of 1992.
Roof leaks or if it needs replacement. This can be a bit pricey, but it’s better to deal with this before your house is sold than facing lawsuits just because the roof makes the house inhabitable.
Foundation cracks, sinking. If the foundation is no longer in safe shape, it will be difficult and unsafe to live in. Buyers look for homes with good foundation repair.
Termite damages. Protect yourself from paying for another inspection just because another termite inspection is needed. If your home has been treated for termite damage, it is best to let your buyers know right away.
Insurance claims and repairs. You can ask for a CLUE (Comprehensive Loss Underwriting Exchange) report that shows the history of insurance claims for the last 7 years. Disclose if you have made repairs to your home in the past.
Possible toxic materials. These are hazardous materials like asbestos, mold, and radon. Your buyers deserve to know if these are present in your home.
Number of bedrooms. This has associated to the septic system capacity of a home. If it’s structured to have the capacity for 2 bedrooms and you have 3 bedrooms then you can’t list the home for 3 bedrooms.
Homeowners associations. There are buyers who don’t want to be restricted by rules so tell them up front if you have HOA. This could influence their decision if they want to live in this specific community or not.
Other disclosures, however, are not specifically required under our state law with the likes of infection of a previous occupant, deaths, terrible neighbors, or paranormal activity.
Did you find this article helpful?
If you feel like you need to share more information with your potential buyers, we can talk about this. It is my job as your REALTORⓇ to determine which items should or should not be disclosed. Disclosure laws vary from state to state.
With my diverse years of experience, I know my way around Vero Beach, FL. I have my fingers on the pulse of the market and I know that gated communities are where the best houses thrive and we can sell them fast!
I’m Karen Mathers! I can see victories on your plate as a seller! Call me at 772-532-3221!
In case you can not view this video here, please click the link below to view 👉What Should Be Disclosed to Buyers When Selling Your Home on my YouTube channel: https://youtu.be/HMP9VkaXj64