Disclosure is about telling another party the things they need to know to make a decision that a “reasonable person” would make. Disclosure is a a responsibility of the seller inn real estate. They are to disclose all “material facts” that may influence the buyers decision. But…

There are many instances where sellers do not disclose. Either they feel that this is something that will go unnoticed by the buyer, the inspector, and the buyers agent, OR they feel that it will reduce the sale price of the property, OR they simply want to use it as a bargaining chip in the negotiations of price, OR they simply do not know. This last is perhaps the most unlikely as any.

Of course, an inspection may turn up the undisclosed facts. And then there are times when the undisclosed fact is actually disclosed incorrectly or inaccurately. Regardless, if you know it, you should disclose it, as a seller. In fact, we recommend to our selling clients that they get an inspection done on their own, just to show the buyer that they are not failing to disclose any material facts.

We have had an instance where a listing agent, not from our firm, had her husband give her a blank inspection form (he is an inspector) and she filled it in with check marks that all items were working properly, and that nothing was in need of repair. We found that many items in the house were in need of repair. And negotiations reflected that fact.

Don’t rely on seller disclosures, and always have an inspection done on your dime. And then always get a copy of the sellers disclosure, in any event, so that when it comes time, you will have the information you require to get the best deal you can.

Let us help you find what you need, what you want, and what you desire.

Focus Real Estate Group, the best in RI Real Estate Services.