bother the new residents.
However, you can’t be cavalier about the unknown issues. In some scenarios, turning a blind eye could get you in hot water. Depending on the state in which you’re selling your house, you could be held responsible for not disclosing unknown potential problems. Educate yourself about the specific disclosures your state requires. To get an idea of what you might be up against, let’s look at the regulations in California, one of the most stringent disclosure reporting states in the nation.
COMMON DISCLOSURE REQUIREMENTS: OSURE REQUIREMENTS:
• Any significant defects regarding walls, ceilings, floors, roofs, windows, doors, foundation, fences, driveways, plumbing, and electrical systems. • Additions or modifications to any rooms in the house.
• Use of hazardous substances on property. • Un-permitted work or Zoning violations. • Regular neighborhood noise disturbances.
• Any features on property shared with neighbors. • Damage to property from fire, earthquake, floods, or landslides. • Insurance claims. • Rent control. • Deaths on the property (within three years). • The location of any publicly registered sex offenders, or at least ensuring the buyers have knowledge of the sex offender database.
WHAT YOUR STATE EXPECTS
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