Disclosure laws make it important to reveal all material defects when you are selling a home. It is important to be absolutely candid with your agent and all buyers about the condition of the property. If there is anything wrong with the roof, the plumbing, the wiring or structure, it will probably not remain a "sleeping dog". The problem will probably wake up, snarl, growl and snap at your ankles at the precise moment your buyers feel their first stirring of buyers' remorse.

It is unlikely that defects will go undetected, because most buyers get a home inspection before they are contractually obliged to complete the purchase. Even if the problems do not surface before the closing, your liability does not end after the closing for any defects you may have forgotten to report. Buyers almost never accept misrepresentation graciously, but they can usually deal with a house that is short of perfection if they know what they are getting into from the beginning. When selling your home, your real estate agent will provide you with a seller's disclosure form. Protect yourself by clearly describing any material defects prior to the sale.

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Tim Rowe
RE/MAX Bay Country
P.O. Box 1188
Gloucester, VA 23061
804-725-6099
Fax: 804-693-0580
timrowe@NUMBER1EXPERT.com

Tim Rowe has been selling Real Estate for 20 Years. He is an Accredited Buyer Representative, a Certified Residential Specialist and a member of the RE/MAX 100% Club and Executive Club.

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