To disclose or not to disclose. I'm happy to say that in over a decade
in the business I've never been sued. Disclosing correctly is vital to ensure your safety during and after completion. So I highly suggest going over the disclosures with your agent prior to putting your home on the MLS and prior to any buyers seeing it.
We want them to have previously reviewed the disclosures prior to making an offer on your home. This is going to help ensure that the buyer doesn't have to back out of things that they should have already been made aware of. Here in BC, there are massive amounts of disclosures that need to be filled out. This is actually a safety net, not only for the buyer, but also for the seller. Anything from whether or not there's asbestos in the house or your neighbor's shed is built on the property line, should be disclosed. I'm happy to say that after selling over 200 homes in the past decade, I've never once been involved in a lawsuit. So it's important to understand. When you're selling anything that's been repaired, replaced, modified, added to in the last couple of months, should be disclosed. If you've painted the walls, cleaned or changed carpets, added new lighting, fixed the water heater, you should disclose it.
One of my common sayings to my clients is,if you have to ask me if you should disclose it, the answer's always going to be yes. Over disclose is way better than under disclose, and it will keep you out of the courts. You want the buyer to know everything you know about the home, the neighborhood, and the lake, that could have a negative impact on the desirability or the price of the home. When you disclose properly, you don't have to worry about them coming back to you later saying they want more money
or want to take you to court. Obviously, you can only disclose what you know. If there are issues with the property that you don't know about, then the buyer would have to prove that you did know and kept it from them intentionally in order to win in court.
So, disclose, disclose, disclose.
I'm Amanda Oldfield with eXp
Realty, and I'm here to help.
For more info reach out to me at :