Property Disclosure Statement (for sellers)
     


No home is perfect! In one way or another, they all have defects to some extent. However, concealing problem areas can result in costly lawsuits....at your expense!

The horror stories come in many forms. During the height of purchasing excitement, not everyone will notice the cracked foundation or faulty roof that leaks only when it rains, turn on the hallway light to experience electrical gymnastics, or even flush the toilet to watch it overflow because the septic lines are blocked.

All sellers have a responsibility to be honest and ethical in presenting property to the buyer and are required to divulge their knowledge of the property in a Seller's Property Disclosure Statement. This is a list of facts and defects about a property ito allow the buyer to make an intelligent buying decision.

The Seller's Property Disclosure Statement is an important tool for the buyer and seller. It brings to all concerned parties a clearer picture of the home and a more accurate expectation level for the buyer. Sellers are required (by N.C. law) to indicate or declare no representation for any significant defects or malfunctions existing in the homes major systems.

Undisclosed defects can come back to haunt, destroying what you originally considered protected....your pocketbook and peace of mind!

 


If you have questions or are interested in buying or selling
Real Estate in Winston-Salem, Lewisville, Clemmons and surrounding areas
of Forsyth, Davie, Davidson, Yadkin and Guilford Counties of NC
please feel free to email or call us at (336)413-0288.