When you're selling your home, wanting to present it in the best light possible is only natural. However, it's also important to be honest about any issues with the house, including past repairs and current problems. Disclosure isn't just the right thing to do – it's also the law. Our real estate agents are here to help you navigate the process, with a guide to everything you need to know about disclosure when selling your home.

• Pay Attention to State and Federal Disclosure Rules
  The exact rules for what you need to disclose and how you handle the process vary by state. It's critical to research disclosure rules for the location where you're selling a home. Most disclosure regulations are controlled by the state, except for one key issue. Federal regulations require that you disclose lead paint if the home was built before 1978. Homes built before 1978 will need to be checked for lead paint before you sell.

• Why Disclosure Is the Right Thing to Do
  As a seller, it may feel a little strange to tell buyers about things that are wrong with the home or discuss past issues. After all, you've spent so much time showing buyers all of the great things about the house, and you don't want to discourage them. Aside from the fact that honesty benefits both parties, disclosure is the right thing to do because it's the law. Failing to disclose issues may make buyers less willing to negotiate if they discover something during the inspection. It may also lead to lawsuits if the buyer has to deal with undisclosed issues after buying the home.

• Key Issues to Disclose When Selling Your Home
  Before deciding what to disclose, make sure to check your state's regulations for disclosure. While the specific laws differ, there are vital issues that most states require you disclose like water damage, flooding, leaks, or mold. You'll also want to let buyers know about any termite damage or other issues caused by pests. Some states require you to disclose local hazards, like earthquakes, flooding, or wildfire risks. Disclosing repairs not only helps you adhere to local laws, but it also shows buyers you've been serious about keeping the home in shape.

• Keep Track of Repairs and Insurance Claims
  If an issue with the home required you to hire professional repair services or to file an insurance claim, then you'll likely have to disclose it to buyers. Make the process easier by keeping track of repairs to your home, saving receipts, and documenting insurance claims. Keep all essential information stored in a binder or file, so you'll have easy access when you need it.

• Rely on Your Real Estate Agent for Advice
  Figuring out local disclosure rules can be a challenge, but your real estate agent should be there to help throughout the process. The right agent will answer questions andhelp you understand what needs to disclosing so there will be no surprises on closing day.

Contact us to buy and sell homes throughout the Northern New England area.