Sell My Property Commerce City
Many a time we’ve been faced with questions such as “how can I sell my property Commerce City?” Or “should I really sell my property Commerce City?” But rarely do we come across questions like “what do I need to disclose to potential buyers regarding the property in question?”
Well, in this article, we will shed some light on the latter question – the aspect of disclosures. When selling property, disclosures come with lots of questions for either side. But since the seller is in the driving seat, you will have to be as honest as possible when giving out details about your house. Remember, being dishonest could land you in huge trouble, including a possible lawsuit. When you are honest, you will remain a standout seller that buyers can trust. However, hiding looming repairs, defects, and any other issues that need attention might come back to haunt you sooner or later.
What should you disclose about your property?
The more details you give about your property the better the chances of selling it fast. If potential buyers can feel that the description is touching on every sensitive aspect of the house, they will find it easier to make you an offer.
In your disclosure, make sure issues with land, be it bad soil, drainage or even potential of flooding, are mentioned. If you know that the foundation of the house has some cracks, make sure you make such details known to the buyer in the initial stages of the process. No house is immune to plumbing and sewer issues, leaky pipes, problems with cooling and heating systems; so be sure to mention them if any. If you know the house has a leaky roof or missing shingles, make sure you mention it to the buyer because letting them find out during a rainstorm might land you in trouble for being dishonest.
There are houses that might be infested by rats, cockroaches, ants, moles or termites. Don’t forget to touch on this in your disclosure. As for cases of lead paint, don’t even think about it. If you suspect that there are issues that might at some point affect the rightful ownership or the title of the property being sold, don’t forget to highlight them as early as possible.
In case you did a personal inspection and identified areas that needed repair – and actually repaired them – don’t forget to mention in the disclosure. Make sure you include the receipts and other documentation to prove your claims. You should also be open enough to let the potential buyer know about hazard zones and other environmental factors that affect land. In short, step into the buyer’s shoes and start thinking about what you would need to know about a property in order to buy it. If you give out details based on your selfish need to sell fast, you may have a lot to deal with in future.
When you put your property on the market, you want the world to know that you are selling them something great, right? Now, when you start hiding minor – yet needed – things from the potential buyer, you are definitely looking for trouble. It’s true something might pop during inspection – something you had not planned for and you opt to proceed with the sale. It’s a good idea that you reveal this issue to the buyer so that they can work on it right away. If you repair it, it helps you lessen the ability of the buyer to bargain.
Remember, when a house buyer learns that you hired a house inspector, they’ll have more confidence in you and your property because the message this sends to the world is that you are selling a property that is in the best possible condition.
Regardless of the channel you choose to use to sell, including through Denver Property Flip, you will have to give up some details of the property in the shape of a disclosure. To be on the winning team, you’d be better off enlisting the services of a real estate agent or real estate attorney so that you know exactly what needs to be disclosed.
Still interested to know about how can I sell my property Commerce City? Call us now on (720) 370-9595.