Sellers: Disclose, Disclose, Disclose
Disclosing your home's condition fully (or not) can make a sale go to the finish
line in perfect shape, or with skeletons in the closet. It may either limit, or open up the possibility of claims against you later on.
What then, does it mean to disclose fully? Simple. When in doubt, disclose. Oregon's 7-page disclosure has lots of questions generally answered yes, no, or unknown with room to elaborate. That form should be complete, and to the best of one's knowledge. Most sellers aren't experts about a home's health, and have limited knowledge of their own home. You likely don't know what's on the roof, in the attic and crawlspace or behind the walls. Sellers aren't necessarily obligated to go find out, but if something seems amiss, you should probably point it out so the buyer can. Also, every case is different but a seller's pre-inspection may be smart. It signals a good faith effort to discover defects and voluntarily make them known to buyers.
We have a saying that "Nobody ever got sued for overdisclosing." This has always been true, but today with buyers bidding prices ever higher and promising their first-born, the risk of sour grapes later on may be at an all-time high. Defending yourself later can be costly in money and energy. This is your one big opportunity to lay it all on the table and have the buyer permanently satisfied that you played fair. Questions? Thinking of selling? Call us today!
The Hasson Company
15400 SW Boones Ferry Road