Just Imagine that you have just moved
into your new North Las Vegas property, and suddenly you are up against some
serious flaw you knew nothing about. Added on top of the normal moving turmoil:
now there’s this! You didn’t have a
chance to fix things up before you moved in because you were totally in the
dark concerning the problem. Imagine the
frustration, disappointment, and anger… Enter: lawsuit.
In other words, for you as a
seller, there are some pretty convincing reasons to do unto others as you would
have them do unto you.
A disclosure is a written
statement describing your obligations under state and local laws regarding property
flaws you know about. Your disclosure might include structural defects—like
leaking windows or cracks in the foundation. It might include landscaping problems,
like a branch that endangers a power line; and in some areas could even include
air pollution or other environmental factors beyond your control. Any North Las
Vegas property issues that the law specifies must be disclosed before the sale
is finalized.
The consequences for not
following the law can be serious: they could mean a lawsuit seeking the cost of
repairs and other damages. In any case, you will want to insulate yourself from
these risks by making sure you’re informed about the state of your property in
Las Vegas and by disclosing issues whether or not they are discovered during
inspection.
Full disclosure isn’t just the
surest way to protect yourself from future legal action — it also lets you rest
easy knowing you’ve done the right thing. Don’t assume a buyer will lose
interest in your property because there are flaws. All properties have them,
and by helping your buyers make informed decisions on what they want to do
before they move in, chances are you’ll boost their confidence about the
transaction. You’ll feel good knowing that you treated your buyer as you’d want
them to treat you, and you’ll feel even better knowing that some non-disclosed
property issue won’t come back to haunt you.
Preparing to sell this winter? Call me today to get your home
listed and sold!
Andrea Gonzalez-VIP Realty
Group/call or text 702.485-7887
Website: www.vipdreamhomes.com/sell
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