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Home Owners: Disclose the Facts!


One of the most common causes for disputes occurring after the sale of a home arise from the buyer finding defects in the property, defects which were not disclosed to him by the owner before the sale of the property. If you are the owner of a home that you are looking to sell, please be aware that you may be held liable for not disclosing any known defects in your home.

The statutes governing seller obligations vary with each state. Some states require a seller to complete a questionnaire about their property's condition; in other states, disclosures can be made verbally. In some states, seller disclosures are voluntary. The only sellers excluded from disclosure laws are banks and mortgage companies with foreclosure properties. In addition to the state laws, there are certain federal laws as well which govern what needs to be disclosed. For instance, federal law requires sellers of homes built before 1978 to disclose any known lead hazards. Some real estate companies may also ask you to disclose all known material facts about your home before they decide to take up your home listing.

Some facts may affect one buyer while it may not affect the other. If you're confused about what you need to disclose, then consult your real estate agent or property attorney. To keep it simple, as an owner you should put yourself in the shoes of the buyer and decide what you would need to know about the house before you decided to make the purchase. If you have to make the sale, make sure it goes through smoothly. There have been many instances of lawsuits arising from owners not disclosing important material facts about their home.

Sameer S Panjwani is the CEO and Founder of ChoiceOfHomes.com - Real estate listings of homes on sale and rent.


Cat 10542


Fairly LEVEL Wooded Land Lot Sale on PAVED STREET For House Cabin Home c25/17on
ebay image$112.50 (5 Bids)
End Date: Thursday Feb-9-2012 21:00:30 PST
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LAKE ARROWHEAD Vacation Home
ebay image$395,000.00
End Date: Saturday Mar-10-2012 10:28:11 PST
Buy It Now for only: $395,000.00
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Great Home or Rental Potential in MOUNT MORRIS,MI -TAXES OR PAID
ebay image$4,150.00 (23 Bids)
End Date: Thursday Feb-9-2012 22:51:33 PST
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Country home for sale by owner
ebay image$10,000.00
End Date: Tuesday Feb-28-2012 12:07:18 PST
Buy It Now for only: $10,000.00
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SINGLE FAMILY HOME- CLEVELAND OH- NO RESERVE!!
ebay image$1,525.00 (14 Bids)
End Date: Friday Feb-10-2012 8:53:40 PST
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$1 No Reserve! Phoenix Suburb! Built 2007! 3 Bedroom 2 Baths! Shea Home! Invest
ebay image$65,100.00 (90 Bids)
End Date: Friday Feb-10-2012 16:43:24 PST
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Myrtle Beach Water Front Home-WOW!! Elevator ,Dock,Pool **Owner Financing**
ebay image$35,000.00
End Date: Monday Feb-13-2012 14:28:58 PST
Buy It Now for only: $35,000.00
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4 Bed room 1 .5 bath room fully remodeled home. Near all FL beaches. Holiday FL
ebay image$70,000.00 (0 Bids)
End Date: Friday Feb-10-2012 18:23:19 PST
Buy It Now for only: $77,600.00
Buy It Now | Bid now | Add to watch list

mountain view home on 9 acres
ebay image$142,900.00
End Date: Monday Feb-13-2012 12:29:02 PST
Buy It Now for only: $142,900.00
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DUPLEX!!! 4/2 home in Springfield Ohio, 2006 sqft. Large lot!
ebay image$510.00 (13 Bids)
End Date: Friday Feb-10-2012 19:56:27 PST
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1,032 SQUARE FT - 3 BEDROOMS - 1 BATHROOM MICHIGAN HOME - NO RESERVE $.01 START
ebay image$1,725.00 (18 Bids)
End Date: Saturday Feb-11-2012 8:05:13 PST
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EXECUTIVE DREAM HOME ON 5 ACRES, SHOP, POOL, SECURITY SYSTEM, WORK SHOP, FENCED
ebay image$499,000.00
End Date: Tuesday Feb-28-2012 10:56:27 PST
Buy It Now for only: $499,000.00
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Belize home for sale cottage style with lot quiet lobster village
ebay image$45,000.00 (0 Bids)
End Date: Saturday Feb-11-2012 10:03:15 PST
Buy It Now for only: $50,000.00
Buy It Now | Bid now | Add to watch list

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