When selling a home in New York, there are certain things that you have to tell potential buyers about the property. However, it is smart to know how to deal with necessary disclosures in a way that protects your interests and allows you to meet your real estate objectives.
The intent of required disclosures is to protect a buyer from purchasing a home that had hidden problems. As the seller, there are certain things that you have to tell a buyer, and failure to do so could lead to legal complications as you move forward. If you are selling your home, you would be wise to know how to shield your interests while still accomplishing your ultimate goal – the completed sale of your home.
What do you have to say about your house?
When you plan to sell your home, you know that there are certain things that you must do to get ready to show your house to potential buyers. The necessary disclosures you have to give involve more than just paint colors and cosmetic issues. You may consider the following about your obligations related to necessary disclosures about your house:
- While you may not necessarily have to get an inspection of your home, it may be helpful for you to do so as it can allow you address hidden issues.
- You are likely only required to tell a potential buyer about problems you already know about.
- You may not necessarily have to fix problems, but you do have to disclose them. However, it may be helpful to address some issues for the benefit of the buyer.
There are some federal laws in place to protect buyers from unknowingly purchasing a home that has lead paint. If you are selling an older home or could have lead paint somewhere in the house, you would be wise to make sure you are compliant with these laws.
Meeting your goals in real estate
If you are selling your home, it could be beneficial for you to have more than just a good real estate agent. You could benefit from experienced legal guidance in order to ensure the full protection of your legal interests.
Selling a home is a major legal and financial transaction. You do not have to navigate the complex steps of this process alone, but you can do things to protect yourself and make sure your transaction moves forward to completion without unnecessary complications.