Hello Janine - Here Are Your Articles for Wednesday, March 29, 2017
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Janine Rose
Janine Rose
Luxury Collection Specialist
(908)-229-6253
janine@janinerose.com
Berkshire Hathaway Home Services
659 Mountain Boulevard
Watchung , NJ 07069
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Don't Sell Your Home Without Disclosing These 7 Things

 

Are you selling your home? If you're parting ways with your home in the near future or thinking about selling later on down the road, there's a number of things you must disclose to the potential buyer depending on the state in which you reside. Some of the suggestions on the list might surprise you, so it's best to do your research and know everything you need to reveal before diving into a deal. With your legal requirements and civil duties as a seller in mind, don’t sell your home without disclosing these seven things. 

  1. Missing Parts  
    The buyer might not notice when the house is missing a critical component in the frenzy of buying the house, so give them a heads-up if the house doesn’t come with things like kitchen appliances, heating and air conditioning systems and water heaters. 
     
  2. Water Damage 
    The buyer needs to know about past and present water damage, so present a detailed recap of all the home’s leaks and floods to shed light on the home’s structural integrity and susceptibility to mold growth. 
     
  3. Recent Repairs
    The buyer should be warned in advance about the home’s repair history, so offer an accurate account of the work that’s been done on the house to highlight problem areas and forecast future repairs. 
     
  4. Homeowner’s Association Membership
    The buyer has the right to be notified if the homeowner’s association governs the home, so present all meeting notes to make sure there are no surprises later on. 
     
  5. Environmental Threats 
    The buyer deserves to learn about potential natural hazards, such as natural disasters and environmental contaminations, before signing the papers, so make these facts known ahead of time to make sure the buyer knows what he or she might be in for later on. 
     
  6. Neighboring Irritants  
    The buyer has to be aware of any inconvenient noises or odors close to the property, so refer to nearby headaches, such as farms, landfills and airports, which might be a nuisance for the new homeowners. 
     
  7. Deaths in the Home
    The buyer often wants to know if any deaths have occurred in the home, so be crystal clear about any tragedies that took place as a result of the property’s condition while highlighting any natural deaths, suicides or accidents upon request. 

When you make the decision to sell your home, you take on a number of responsibilities as a seller to ensure a smooth transaction. The more transparent you are about your home the better the selling process will be, and the potential buyer will thank you for the clarity. If you’re interested in getting more details about the list of things you have to disclose during the sale of your home, please don’t hesitate to contact me today.

 
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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