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If you are about to list a home that you have lived there for many years, you know that it is not perfect. For example, there might be a leak in the basement that is noticeable only after a heavy rain. Your garage door might stick, and the dishwasher may be prone to work stoppages.
Every home has a few quirks. When it is time to sell your home, you have a choice of either making the necessary repairs or letting the buyers know about the problems. Material defects must be fully disclosed. Some buyers will order a structural inspection in order to learn exactly what they will be getting. Even if the buyers don't ask for an expert to look at the house, it is the seller's responsibility to disclose any known defects in the property. The seller's agent will provide the disclosure form, wherein the seller may itemize any problems. Sellers may avoid any real estate lawsuits over undisclosed defects by making repairs before the sale or agreeing to a price adjustment during the transaction if defects are discovered.
Keith and Nancy Poss Keller Williams Capital Partners Realty 100 E. Wilson Bridge Rd. Worthington, OH 43085 614-431-0414 Fax: 614-896-2538 possteam@bestimageagent.com
Over 100 Years of Real Estate Experience!
Each Office Independently Owned and Operated
www.ColumbusOHRealEstate.com
is brought to you by Keith and Nancy Poss
Real estate agent(s) for Columbus, Dublin, Powell and Worthington, Ohio
