Sure, most sellers would love to keep the problems with their homes secret from buyers; after all, it would sell faster and for more, right? As experienced Flower Mound real estate professionals, we know that it’s usually a case of “honesty is the best policy.” Not only that, some issues must be disclosed to buyers by law! Here are a few examples.
Are there ghosts in your home? While many people don’t believe in spirits or paranormal activity, others do. Even though it may seem silly or embarrassing, if you truly believe paranormal activity has occurred or your house is haunted, disclose it.
Problems with a pest infestation? Maybe you’ve had a problem with mice, squirrels in the attic, bats, ants, or other pests. You don’t want to come off as dishonest or even sneaky, and by telling the buyer you will come across as an honest seller.
Fussing with a neighbor over a fence line or boundary? Some neighbors will make an issue of even a few inches. Maybe your neighbor disagrees with you on the property line, or you’re the one who believes the neighbor’s fence comes over about a foot too far on your property. Either way, make buyers aware of the circumstances.
Was your home built prior to 1978? If so, paint that is lead-based may have been used on the walls or other areas. Every state must adhere to a federal law requiring both parties (seller and buyer) to sign a lead paint disclosure. This is true whether you’re aware of the paint being removed or not.
Water standing in the yard or a basement that floods? Any drainage issues should be disclosed, even if the situation has been remedied. You may have had drain systems installed or taken other measures to rectify the situation, but even if it’s no longer a problem be sure to disclose this information to a potential buyer. You don’t want to find yourself involved in a lawsuit!
It all comes down to the fact that when you’re selling your Dallas home, it’s best to be forthcoming and honest about any issues with a home, no matter how minor or serious they may seem.