SellingAHome-JenniferChristenot

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5.) Should I make repairs that are necessary on the home? Truthfully, whether you decide to take on the task of making repairs on your home is up to you, but there are several things you should take into consideration before making the decision. The first is that if your home requires any major repairs, such as fixing a foundation problem, you probably are better off just making the repairs before selling the home. While these types of repairs might not get you a huge increase in price, because buyers simply won’t purchase a home that’s dangerous or inhabitable, you’ll ultimately sell the home much more quickly and won’t have to worry about the problem causing any problems later, such as lawsuits. If there are minor problems such as a leaky faucet, a laundry hook-up that doesn’t work, or a half-finished basement, you’ll have to carefully weigh your options before deciding whether or not you want to make the repairs yourself. If you do make the repairs, it can greatly add value to your home (depending on what the repair was), and you can usually also ask for more in the price than the project cost you to complete. Also consider that if you don’t make the repairs, buyers could try to use those small issues to try and negotiate a lower price for the home. 6.) What do I have to disclose when selling my home? While you might not want to tell potential buyers everything there is to know about your home (including the fact that a SELLING A HOME FAQ’S AND SAQ’S | JENNIFER CHRISTENOT 6
few shingles are loose on the roof or that a post in the fence continuously breaks), there are some things you legally must tell buyers, no matter how unpleasant they might be. These items that you must include in a written disclosure vary from state to state so it’s very important that you ask your real estate agent about any forms or guidelines that might be provided by the Association of Realtors in your state. Some of the most common things you’ll have to disclose are: Deaths in the home. Different states have very different laws about this with some making it illegal to not tell potential buyers about any death in the home, while in other states you don’t have to disclose any death in the home. In Texas, if the death didn’t have anything to do with the property itself, the information does not have to be disclosed. Nuisances. These are classified as annoying noises, smells, or sights around the property that irritate the property owners, but aren’t on the actual property itself. These nuisances could include things like train tracks, airports, industrial manufacturing plants, bad odors, smoke, landfills, and shooting ranges, to name just a few possibilities. While some states, like North Carolina and Michigan, do require that sellers disclose these nuisances, other states – such as Pennsylvania – leave the burden with the buyers to determine these nuisances for themselves. Environmental and natural hazards. Hawaii has a law that 7 SELLING A HOME FAQ’S AND SAQ’S | JENNIFER CHRISTENOT
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SellingAHome-JenniferChristenot

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