The Facts About Charlotte Real Estate Disclosures

Top Charlotte NC Real Estate Agents

by Debe on April 29, 2013

in Charlotte Home Buyers,Charlotte Home Sellers

The Facts About Charlotte Real Estate Disclosures

From new landscaping and a fresh coat of paint, to appliance upgrades and room remodeling, homeowners will go to great lengths to present their Charlotte homes for sale in the best light possible.  However, sellers need to be aware that while they’re fixing up current flaws in their home, they shouldn’t cover up past ones.

That’s where the Disclosure comes in.  All sellers are required to fill out property Disclosure forms with information about their properties, and every buyer should triple-check this form before signing on the dotted line of a Contract.  Below are a few facts about Disclosures to help sellers ensure they’re doing the right thing when listing Charlotte real estate.

The Purpose of a Disclosure

Disclosures come in a variety of forms but, their primary function is to inform buyers about the state of a home, its past and its neighborhood. They also provide sellers with a safety net in case there is legal trouble down the road.

If You Know It, Disclose It

Document Disclosures when Selling Charlotte NC real estate

Disclosure laws vary from state to state; your REALTOR® will ensure that you’re filling out the proper paperwork. When listing past renovations, insurance claims from natural disasters, or new neighborhood construction, it’s best to err on the side of caution. List everything you can possibly think of, so the buyer can never say they weren’t informed.

When to Disclose

The seller usually provides the Disclosure prior to accepting the buyer’s Offer to Purchase.  This allows buyers to carefully review the Disclosure prior to submitting an Offer.  Providing the Disclosure to any potential buyers up front, the buyers know what they’re dealing with before ever even submitting an Offer to the seller.

What to Disclose

Items that sellers are required to Disclose include the age of the home, exterior construction, age of the roof, plumbing, electrical, HVAC and any room additions or renovations requiring permitting.  If there is a known issue or past renovations, sellers are required to provide that information to all potential buyers.

Disclosure Versus an Inspection

While a seller’s disclosure form gives a property inspector a starting point for things to double-check, they are not the same thing.  The buyer hires a property inspector after they’ve placed an Offer on the home to ensure there are no major issues. There could be problems of which even the seller is unaware.

If you’re getting ready to sell your Charlotte real estate and would like more information on what you should disclose, please call me at (704) 491-3310 or email me at DebeM@REMAX.net.

© Debe Maxwell | The Maxwell House Group | DebeM@remax.net | The Facts About Charlotte Real Estate Disclosures

 

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The data relating to Charlotte NC Real Estate on this Web site derive from the Carolina Multiple Listing Services IDX datashare program. © 2019 Carolina Multiple Listing Services, Inc. All information provided is deemed reliable but is not guaranteed and should be independently verified.

The Maxwell House Group
RE/MAX Executive
2901 Coltsgate Road Suite 100
Charlotte, NC 28211

Phone Numbers
Cell: (704) 491-3310
Office: (704) 491-3310
Fax: (704) 353-7014

Email Address
Debe@ReMax.net

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