Step 5:  Making Proper Disclosures

The days of "buyer beware" are long gone.  To avoid problems later on, you should disclose everything you know about your home.  Here are some of the disclosures you need to think about:

Environmental Hazards:

Lead based paint (If your home was built before 1978, Federal laws state that you need to give your buyers a booklet about lead based paint and disclose what you know about the presence of lead based paint in the home and about any inspections that have been done for the presence of lead based paint.

Toxic Mold, Asbestos,  Meth lab or other chemical wastes, Abandoned oil wells on property, as well as any other environmental issues you might know about.

Defects in the Home:

This would include the roof (and how old it is), the structure, the electrical and plumbing systems, the heating and cooling systems and other defects you may be aware of.

Zoning and Survey Issues:

Is the zoning proper for the use of the property.  Are there any problems that might show up on a survey?  (encroachments, easements, etc.)

Flood History

Has the home ever been flooded either by natural flooding, plumbing leaks or sewer back ups?

This is not a comprehensive list of things you should disclose to a potential buyer, but rather a list to get you started thinking about things you know about the home.

 
Go on to Step 6 of Selling a Home

Linda Grissette
Keller Williams Realty West
Office: 636-229-8722
Linda@Grissette.com
Linda is a licensed Broker-Associate in the State of Missouri.

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