Today I walked to talk about what a residential property disclosure statement is and what it means for you as a home seller.
Selling your Iredell County or Lake Norman, NC home?
In the state of North Carolina, this mandatory document is given to a buyer when you get ready to sell your home. It features a list of questions that the seller must answer. I’ve listed some of the important questions below.
- What is the age of my roof and has it been leaking?
- How old is my HVAC system?
- What is the age of my water heater? This is not required on the document, but is something that some buyers may want to know about.
- Do you have a septic tank and a copy of the permit?
- How many bedrooms was your house permitted for?
- What about restrictive covenants?
- Do you have a survey?
- What about your HOA? What are the fees? What’s covered?
Make sure you keep track of all your important documentation.
An important thing to know is when you put on a new roof or update your HVAC system, that isn’t going to increase the value of your home because it is considered general maintenance. Every homeowner will need to take care of those items at one point or another.
Many of the answers to these questions will come in the form of documentation. You should keep a careful record of things such as permits, service reports for your roof and septic tank, and HOA documentation. Whether you’re getting ready to list your home or you’re still just thinking about it, having these documents in one place will make the process of filling out your disclosure statement that much easier.
If you have any other questions about this topic or you’re looking to buy or sell a home, please give me a call. I’d be happy to help!
