Why Residential Property Disclosures Are so Important

Real Estate Podcast with Donald Payne

It’s very important to fill out a residential property disclosure if you’re a homeowner. If you’re planning on selling, you should fill it out yourself and disclose anything that has happened to the property in the last five years. For example, it’s important to explain any major issues, such as pipe bursts or remodels, and make sure you have the proper documents and receipts. An unresolved issue can prompt a renegotiation, which you definitely want to avoid. “It puts the buyer at ease when they are aware of any past issues up front.” Filling out this form is very important in order to get the highest and best possible price for your home. It also puts the buyer at ease when they know everything about the home up front. Disclose how old your appliances are as well. They may be a little older, but if they are working fine and you’ve had them serviced recently, there shouldn’t be a renegotiation because of it. If you have any questions about your residential property disclosure or anything else relating to the sale of your home, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.