Q & A Saturday – What do I have to Disclose?

Welcome to our Q & A Saturday video.

In these Q & A Videos we will answer your questions about real estate.  Any real estate related topic from questions about selling your house, buying a house, real estate investor questions, land lording questions, local market questions and many others things are all fair game. 

Today’s question is “What do I have to Disclose?

Property Disclosure - Massachusetts Real Estate

In this video Shaun discusses does and does not have to be disclosed when selling real estate.

 

Some of the main points covered in this video are:

1)      What are the Massachusetts disclosure laws

2)      Different standards for Real Estate Agents

3)      The 2 things that must be disclosed by every seller

4)      Legal remedies if there are disclosure issues

 

When selling a home there can be a lot of liability if there are issues discovered with the property after the sale that were not disclosed.  Massachusetts actually has less stringent laws on this than many states.  We are a “caveat emptor” state – buyers beware.  However, while there are not many things that are required to be disclosed, only the presences of Lead Paint and if the home is serviced by a septic system (To find out more about selling a house with Septic Issues see our recent Q&A video on the subject), sellers still need to be truthful.  So you do not have to volunteer much info as a private seller you have to answer any questions about the property truthfully.  Also if you are working with a real estate agent THEY have to disclose anything they are aware of that could affect the buyer’s decision.  Even if you want to sell your house “As Is” you have to be truthful of any issues you are asked about.

 

Hope you enjoyed the video and leave any other questions you have about the topic below or any other topics you would like to see covered in future videos.  I encourage anyone that has things they would like to talk about to let me know what they are.  You can always fill out a contact us form here and put Q & A in the subject, just leave a comment with your questions below here, send an email to info@masshomesale.com, or post it on our Facebook page or Twitter account.

 

Resources mentioned in the video and some other useful resources and good articles:

–          Our Video on If you can sell a house with a failed Septic System  

–          Our Video on Getting a Home Inspection, since you need to find out issues on your own

–          Our Articles and Videos about selling a house as is

–          MA Laws regarding a Stigmatized House

–          Massachusetts Real Estate Law Blog Overview of MA Disclosure Law

 

 

 

 

(Image Credit: Property-Disclosure via real-life Real Estate)

 

Speak Your Mind

*