What do I have to disclose to the buyer when selling my home?

What do I have to disclose to the buyer when selling my home?

John Caliendo (Realtor) gives expert video advice on: How do I price my home for the current real estate market?; How do I set up an open house?; How can I improve the appearance of my home in order to raise the asking price? and more...

You as the seller are required to disclose to the buyer any material facts that you are aware of. In my state there is a Transfer Disclosure Statement which is required by law of every seller to every buyer, regardless of whether an agent is involved or not, and they fill the form out. The form does two important things. Number one: It causes the fence sitters to commit. In other words, if you were unaware if you had to disclose certain items and you see that item on line three, you then say, "Fine, we have to disclose this." The other function of the Transfer Disclosure Statement is that a Transfer Disclosure Statement is not going to make a dishonest person honest overnight, but what it will do, it will cause them to commit in writing their position at that point in time.