If Something is Wrong with My Home When I Sell, What Should I do?

Q: If something is wrong with my home when I sell, what should I do? Tim, Teaneck, NJ

A: Tim, normally when you sell your home, you are obligated to disclose problems that could affect the property’s market value. In most states it’s illegal to conceal major physical defects in your property. For the most part, you’re only responsible for disclosing information that you are aware of.

The extent to which you are responsible for finding defects in your home when you sell varies from state to state, so I strongly suggest you consult an experienced local real estate attorney and your state’s real estate commission or board to confirm disclosures you’re responsible for making.

Thanks for your question, Tim, good luck.

For more real estate tips and information, visit my blog at geraldlucas.com.

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