When you are selling a home in Minnesota or anywhere in the U.S., you are legally obligated to disclose all pertinent information about your home to potential buyers. Read on for tips on what to disclose when selling a home.
Get a home inspection
While you have been living in your home and are likely aware of any large issues that should be reported to potential buyers, it’s wise to hire a reputable home inspector when selling a home. A home inspection should unearth all the potential problems that would hinder buyers from purchasing.
Once the inspection is complete, it’s likely that you’ll disclose all the issues found. Major structural problems, such as issues to the foundation’s stability or roof defects, should always be reported. Next, disclose anything related to the infrastructure of the home, like plumbing and sewage issues, water leakage and drainage problems. You should also disclose if you foresee any issues with transferring over the title of the property.
When in doubt, disclose anyway
Though home inspections often reveal very miniscule problems, such as a small crack in the wall, it is still important to disclose all issues the inspector finds. What may seem like insignificant problems now could balloon into major fixes, and the new owners may decide you were disingenuous for not reporting them.
Still unsure? That’s what I’m here for! I am up-to-date on the state laws if you aren’t sure what issues qualify for disclosure.
