Advice Topics
- Buying (186)
- Selling (200)
- Renting (40)
- Market News & Trends (12)
- Finance & Legal Info (87)
- Tips & Advice (93)
- Working With an Agent (54)
- Marketing (4)
- Investing (15)
- Affordable Housing (15)
- Green Housing (2)
- Schools (1)
- Remodeling (31)
- International Real Estate (8)
- Terms & Definitions (24)
- Home Loans (11)
Top Contributors (View All)
Find a Top Real Estate Agent Near You
Need to disclose issues with the home from 15 years ago?
We had an issue with our basement flooding 15 years ago. We've fixed the issues and also installed a second sump pump. Haven't had a problem since then. Since the issue is fixed and it's been 15 years of a dry basement, do we need to disclose this? And in general, is there a timeframe for the seller disclosure? For example, does the seller only disclosure issues that have occurred within the past 10 years?
Asked By Beckett | Davenport, IA | 27 views | Selling | 3 weeks ago
Answer(1)
JulieAnn King
RE/MAX Central
Hi Beckett, I am in NJ, so please confirm my answer with a local realtor. In my experience and opinion, it is best to disclose everything and back it up with receipts or permits with the work that you did. It shows that you have nothing to hide and that you take care of your home. And the fact that you have not had any recent issues is a testament to the quality of the work that you did. Should you not disclose and a buyer find out, it looks like you were trying to hide something. I hope this helps!! Good Luck
- 6 days ago
Helpful (0)
Unhelpful (0)
Are you ready to find a top agent near you?
Browse profiles of the highest ranked agents in your area and find one that meets your specific needs.
Related Questions
-
How can I get the most money from selling my house?
- Asked by Ronda N.
- 1600 views
- Selling
- 8 years ago
-
How should I prepare my house before selling it?
- Asked by Mike M.
- 1169 views
- Selling
- 4 years ago
