If you have made the decision to sell your Florida home, there are certain things you need to know before moving forward. Selling a home involves much more than just putting a sign in the yard and finding a buyer. As the seller, you would be wise to protect your interests by knowing what you have to do and what you have to tell the buyer about your home.
The seller must tell a prospective buyer certain things about his or her house. Failure to do this can lead to complications down the down, and it may even interfere with the closing. Before you move ahead, you will find it beneficial to learn about required disclosures and what they mean for you.
What buyers deserve to know
It is against the law to intentionally hide defects with your home that could affect its value or cause a new owner financial harm. Ultimately, sellers have to disclose certain facts about the property in order to allow a buyer to make smart choices and avoid buying homes that will cost a significant amount of money to repair. When selling your home, you may need to tell a prospective buyer the following information:
- You have to tell buyers about problems of which you are already aware. However, this does not mean you have to go searching for problems in order to disclose them.
- Many times, you will have to have an inspection of the property done. You will have to turn over a copy of the report or disclose any significant problems found.
- If there is lead paint in the home or the possibility of lead paint, you will have to inform the buyer of this or allow him or her inspect the home.
When a seller does not tell a buyer about problems, it can ultimately result in the sale falling through. It is in your interests to navigate the process carefully.
A guide for home sellers
Selling your home is a significant financial and legal transaction. In order to protect your interests, you will find it beneficial to seek the guidance of an attorney experienced in real estate law. With this help, you will be able to avoid costly and stressful complications that can keep you from your goal. Before you list your home, it may be smart to first seek a complete evaluation of your case and explanation of actions required of residential home sellers.