Selling Your Home in Idaho - What to Disclose
Remember the Golden Rule:
“Do unto others as you would have them do unto you.” In other words, treat others the way you want to be treated. But its not just a moral value - you as the seller, have a legal responsibility.
Put yourself in the buyers shoes - if the roof leaks, wouldn’t you like to know?
It’s also a legal requirement that a Boise home seller must disclose any knowledge about the condition or history of their home to the buyer.
If a buyer finds out, for example, that the roof leaks, they have the right to walk away prior to closing, or they can negotiate for the cost of repairs.
This also applies after closing. If the buyer finds problems that weren’t disclosed by the seller, such as terrible cracks in the foundation that have been painted over or filled-in, a court of law can hold the seller liable for repairs.
Concealing a problem is never a good idea either. It’s better to face the issue and disclose it upfront.
For an existing home, property disclosures must be made for the following:
1. If the property is within city limits
2. Appliances
3. Electrical Systems
4. Heating & Cooling Systems
5. Moisture & Drainage Conditions
6. Fuel Tank (if applicable)
7. Water & Sewer Systems
8. Roof & Siding
9. Hazardous Conditions
There are also “Other” required disclosures for title, chimney, etc. etc.”
This is where Boise For Sale By Owners can get in trouble - if they aren’t aware of disclosure laws.
We equip all of our sellers with the proper disclosure paperwork, but it is always the responsibility of the seller to make those disclosures.
Tags: , Boise Home Seller, For Sale By Owners, Property Disclosures, Selling Your Home in Idaho