SellingAHome-JenniferChristenot

sellers must disclose when homes are in a tsunami zone,
while New York requires sellers to tell buyers if the home is in
a flood plain or wetland. Again, different states have different
requirements but if the home is at an increased risk of damage
from a natural disaster, most states require that the seller
disclose this information to any and all potential buyers.
Any information pertaining to the Homeowners’ Association.
If the home is a unit in a condo building or part of another
multi-unit building, there’s a good chance that there’s a
Homeowners’ Association. It’s imperative to tell all buyers
any and all information regarding the association, including
past meeting notes and information regarding membership
dues. These can often be quite costly and add greatly to the
purchase price. Even when this information is not required by
law to be disclosed by the sellers, it should be.
History of all repairs. While you’ll definitely want to tell
potential buyers about recent repairs in order to increase the
property price, you’ll also want to tell them about any repairs
that have been done in the past, what exactly was done, and
why. These repairs could become issues once again after the
buyers have moved into the home and they need to know
what to be watching out for.
Water damage. Water damage can be one of the most
disastrous, and most expensive, problems with a home so most
states have a law in place that sellers must disclose all areas
SELLING A HOME FAQ’S AND SAQ’S | JENNIFER CHRISTENOT
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