What Needs To Be Disclosed In A Real Estate Transaction?
I had another Realtor call me today to ask if his client should disclose a defect within the home on the Colorado Seller's Property Disclosure form that will eventually be viewed and signed by the buyer(s) of the property. The possible defect is the fact that the seller placed a runner on top of the regular carpet in a room. Over the years sun light has faded the room carpet, but not the darker carpet under the runner.
So, the question is:
If you were the seller, would you think you should disclose the difference in carpet color to a perspective buyer? OK - what you were the buyer of the property? Do you think the difference in the carpet color should be disclosed on the Seller's Property Disclosure form or that disclosing is just a bit past reasonable?
My recommendation to the other broker will be posted in a couple of days.
I have been helping buyers and sellers with their housing needs for the past 30 years. I look forward to assisting you. Feel free to call or email me. - Bill Kosena, ABR, CRS, SRES - 303-796-0957.
I had another Realtor call me today to ask if his client should disclose a defect within the home on the Colorado Seller's Property Disclosure form that will eventually be viewed and signed by the buyer(s) of the property. The possible defect is the fact that the seller placed a runner on top of the regular carpet in a room. Over the years sun light has faded the room carpet, but not the darker carpet under the runner.
So, the question is:
If you were the seller, would you think you should disclose the difference in carpet color to a perspective buyer? OK - what you were the buyer of the property? Do you think the difference in the carpet color should be disclosed on the Seller's Property Disclosure form or that disclosing is just a bit past reasonable?
My recommendation to the other broker will be posted in a couple of days.
I have been helping buyers and sellers with their housing needs for the past 30 years. I look forward to assisting you. Feel free to call or email me. - Bill Kosena, ABR, CRS, SRES - 303-796-0957.
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