What if we had issues, but fixed them

We are always going to recommend disclosure of all items that may be a significant discovery for any buyer. Small repair items like wood trim, window repair or other small maintenance items are not in this category; and if they are repaired and in working condition, there is no need to disclose. Items that a seller will want to disclose are: past insurance claims (this will likely flag when the buyer tried to get insurance), any water issues on the lot or under the home, past leaks (even if repaired, it is good to disclose as there could be discoloration/staining seen on an inspection report), items you intend to repair which are not completed, repairs or items added without a permit (or with one), etc. It is important to go over all items on the Residential Property Disclosure statement with your REALTOR, so that they can advise you properly. Your agent may ask about items not questioned on the disclosure statement as a way to more thoroughly double check the overall listing and potential items that may need to be disclosed or researched further by them.

What if we say something that is wrong or miss something

One option is to mark your property disclosure as “no representation” if you are not sure of something. It is better to air on the side of caution than to accidently misrepresent something about your property, especially if you are not currently living in it or had previously used it as a rental home. No representation essentially states “buyer beware”, but do know that any material facts discovered by the agent will need to be disclosed by them, even if no representation is checked.

Team Anderson Realty is located in the Historic Village District in Downtown Holly Springs, NC, and we would be happy to go over any question you may have about the North Carolina Real Estate Market, either in person or on the phone. Please visit: www.TeamAndersonRealty.com or call: (919) 610-5126.