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Posts from October 10th, 2013
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10
What is the Seller's Duty to Disclose about their home for sale?
Should a Seller and/or their Agent be required to disclose information sent to them by another Agent or Property Inspector while a home is listed? The answer is Absolutely!
While it is true in my opinion that any "new" information that is received regarding a property should become part of the future disclosure, inspection reports are "subjective" in nature as must be treated as such.
A good listing agent knows there may be some additional work to mitigate or prevent any damage to the Seller client that these reports could potentially bring with them. Addressing any concerns raised by any inspection reports, including CLUE reports from Insurance companies, Wood Destroying Insect Reports, Licensed property inspectors or others shouldn't be very difficult, especially if the Seller was truthful on the initial disclosures.
In fact, information received while a home is listed can actually become a benefit to the Seller...