Seattle Real Estate News

Sellers should disclose true conditions of home

Every home has its flaws. We can try to hide them but the truth eventually

comes out. Hiding the truth from a buyer can at the very least results in the termination of a contract. Most industry professionals agree that absolute honest is the best policy. When in doubt, disclose. According to property disclosures laws in most jurisdictions, flaws in a home that unquestionably should be disclosed are referred to as latent or material defects that pose a direct threat to the health or safety of the purchase or an occupant of the property. These include but are not limited to toxic conditions such as mold, radon lead, carbon dioxide or asbestos, previous fires, structural issues, faulty electrical wiring and water intrusion.

Always ask client's property for a copy of insurance company Comprehensive Loss Underwriting Exchange (CLUE) report to review any claims on the property in the last 5 - 7 years snapshot.

Posted in:Home Maintenance, Property Inspection and tagged: Home Maintenance PropertyInspection

Posted by Sam Kader on June 23rd, 2018 7:14 PM

Seattle Real Estate News

Sellers should disclose true conditions of home

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