You are legally obligated to follow federal, state, and local disclosure laws for real estate transactions, reporting any information about defects with the structure or other pertinent facts you are aware of that could ultimately affect the property’s value. In addition, you should discuss with an experienced professional even the most minor of issues that could infringe upon the use, value, or enjoyment of the property in its entirety. Disclosure laws are one reason you should keep careful records of all work done. You should also maintain possession of the disclosure form after the closing for three years to protect yourself.
In addition to structural or other issues with the home itself, another way to fail to disclose would be by misrepresenting the property. For example, you schedule a showing appointment for potential out-of-town home buyers in Omaha and Council Bluffs to stop by the property, intending to hide the noise factor of a nearby airport or the time of day the smells from a nearby factory are pouring in the windows, and you don’t mention anything. Read on to discover the consequences of not disclosing problems before selling your house fast in Omaha and Council Bluffs before you find yourself learning them the hard way.
Legal Action
One of the consequences of not disclosing problems with your Omaha and Council Bluffs house before selling is facing legal action. Failing to disclose material facts about the property when you sell your house in Council Bluffs and Omaha should be avoided because the home buyers in Council Bluffs and Omaha are highly likely to take legal recourse against what is considered real estate fraud. If the problems with your home have you concerned, a direct sale of the property as-is may be your solution. Like those at Harter Investments, a direct cash home buyer in Omaha and Council Bluffs will detail the amount your home is likely to garner on the traditional MLS vs. every figure used to calculate an offer for a direct sale. At Harter Investments, our goal is to help you earn the highest possible profit on the deal, even if it isn’t with us.
Legal Judgement And Court Costs
Another one of the consequences of not disclosing problems with your Omaha and Council Bluffs house before selling, in addition to the time, energy, and stress you will expend dealing with the aftermath, you could end up with a judgment against you in the tens of thousands or more.
Paying For Repairs Or Damages Suffered
After closing, you are still responsible financially for paying for any of the consequences experienced by the home buyers from your not disclosing problems with your Omaha and Council Bluffs house before selling. If a repair is needed, for example, a discovery of unpermitted work you performed, it means you’ll likely be paying for the tear-out and replacement to make it right, along with the permitting fees you were trying to save. Similarly, if medical treatment should be necessary because of a health hazard, the hospital bills will be yours as well.
The experienced direct cash home buyers in Council Bluffs and Omaha at Harter Investments can help you with what you should and should not disclose to help you avoid the consequences of not disclosing problems with your Omaha and Council Bluffs house before selling. At Harter Investments, we buy houses in Omaha and Council Bluffs and we understand the importance of communicating with our direct cash home buyers in Omaha and Council Bluffs stop and listen to your questions or concerns, with no pressure or obligation to work with Harter Investments. Why not save money and time by selling your house fast in Omaha and Council Bluffs directly to Harter Investments and avoid the prep work, repairs, showings, and paying high commissions or other fees at closing. When you make a direct sale to Harter Investments, we buy houses in Council Bluffs and Omaha we want you to agree that the cash offer for your house is fair because we want you to feel good about working with us long after the sale. Just call a professional direct cash home buyer in Council Bluffs or Omaha at Harter Investments, 402-939-6556 or send us a message today or visit us at www.harterinvestments.com!
