Honesty is indeed the best policy, especially for homeowners wanting to sell their house. If you are planning to sell your residential property, being honest to your prospect buyers especially about defects would be the best thing you need to do. Aside from the fact that it is the right thing to do, this would also help you avoid any legal charges in the future.
In cases like this, most states would demand for an obligatory disclosure in order to disclose the condition of the property you are selling. The disclosure form which usually contains list of questions that the seller has to answer with all honesty would then be attached to the sale agreement for future use and legal references.
Now, there are so many things that you should tell about your house. But in particular the disclosure form for selling your home should include any material facts that may have influence to the price. While such part could be viewed as something subjective, the owner may also be objective on his approach by disclosing factors, as outlined by propertycluster, which include but not limited to water leakage or flooding in any part of the house, defects in the roof, infestations, issues with plumbing or sewage, problems with the heating and cooling systems, drainage problem in the property, cracks or major flaws in the foundation of the structure, neighbor issues, problem with the title or deed of the property, toxic materials, such as asbestos, lead-based paints and lead pipes, used in the house.
Now the ones given above serve as a guide on the things that the future owner of the house should know about the said property. In the case that you willfully hide some of these important details from your client, then you should expect an expensive repair. Cases like this does not only damage your credibility, but most especially it would also cost you a great amount of money in order to pay punitive damages to the buyer.
