What to Include in the Sugar Land Seller’s Disclosure
You have decided to sell your Sugar Land house and completed all of the hard work. You repainted the walls to a neutral color, put a new color on your front door, cleaned up your landscaping and agreed on an asking price. The last thing you need to do is complete the Seller’s Disclosure.
It should be a simple form, but it doesn’t usually feel that way. When you are working so hard to sell your Sugar Land house why should you list out all of the problems that it has or could potentially have?
Well, the main reason is to avoid legal troubles. A buyer wants to know what to expect out of the house they are buying. They want to know if the roof leaks or if there was a mold problem in the basement last year.
As the seller, it is your job to make them aware of these issues. If you don’t, you could be held liable for them. The last thing you want to happen after you sell your house is to end up in legal trouble down the road because of it.
So, what do you need to include? While the specific rules can vary, there are some basics rules that you should follows:
Always Side on the Sharing What Feels Like Too Much
There are the obvious problems that most Sugar Land sellers will know they need to disclose. This includes items like asbestos, lead paint and termites.
However, there are many smaller issues that sellers may debate about sharing. This could include things like a leaky window, broken outdoor faucet, or water damaged that has already been fixed.
It can be easy to think that if the problem was already taken care of then you don’t need to disclose it. Buyers still need to know. If it turns out that the repair was not handled correctly, you could be liable for the damage.
When in doubt, always disclose the information. It is better to disclose more information than you need to so you can walk away from the closing table without being worried that it could be a problem in a few months.
What to do with Inspection Reports
The majority of the time Sugar Land sellers are not required to disclose copies of reports from inspections, but it can be a good idea.
Providing buyers with the reports show that you are not trying to hide anything about the house. It is just one more step that helps protect you in the case of problems that the buyer has with the house down the road.
Never Guess
Most Seller’s Disclosures are a standardized form that have a number of sections and questions. If you do not know the answers to the information that is being requested do not ever guess on the answer.
Providing false information can get you in just as much trouble as not disclosing the real information in the first place. Don’t worry, you cannot be held liable for problems that you did not know about.
The Seller’s Disclosure is a document that needs to be taken seriously. As the seller, it is your chance to transfer all of the knowledge you have about the Sugar Land house to protect yourself from future problems and liability. You should answer every question it is asking if you have the accurate answer for it.