Quote:
Originally Posted by Muncle
Exactly what would you disclose? What facts do you know that should be conveyed to potential buyers?`
|
As I am inactive at the moment (currently licensed)I have not really addressed this problem and it is not that simple. The home owner is also required to reveal pertinent facts so I would probably put together information including the IRS input together with a copy of Janet Tutt's article. This could also be part of the seller's disclosure as well. One way or another I would make sure the buyer was aware by finding out from me and the seller up front and not from his neighbor the day he moves in. (Or from reading about it on this forum).
I would guess this subject has been a big part of sales meetings in real estate brokers offices. I know we covered a lot of similar subjects including a murder in the home, potential land fill around the corner, AIDS patient (and that is a subject of it's own) etc.
If you remember Talk Host started what turned into a long thread based on the fact his agent did not reveal the existence of a very active and noisy railroad track nearby. Had I been his agent I would have revealed that.