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You are about to list your home. Since you have lived there for many years, you know that it is not perfect. For example, there might be a leak in the basement that is noticeable only after a heavy rain. Your garage door might stick, and the dishwasher may be prone to work stoppages.

Every home has a few quirks. When it is time to sell your home, you have a choice of either making the necessary repairs or letting the buyers know about the problems. Material defects must be fully disclosed.

Some buyers will order a structural inspection in order to learn exactly what they will be getting. Even if the buyers don't ask for an expert to look at the house, it is the seller's responsibility to disclose any known defects in the property. The seller's agent will provide the disclosure form, wherein the seller may itemize any problems. Sellers may avoid any real estate lawsuits over undisclosed defects by making repairs before the sale or agreeing to a price adjustment during the transaction if defects are discovered.

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Teri Maxwell
RE/MAX at Mallard Creek
8950 Highway 64, #104
Lakeland, TN 38002
Direct: 901-634-7201
Office: 901-507-5900
Fax: 901-507-5901
terimaxwell@NUMBER1EXPERT.com

I am committed to providing you with the service you deserve, whether you are selling your home or looking to buy a new house. A real estate expert in the Memphis, TN area- serving Bartlett, Lakeland, Germantown, Cordova, Faytte and Tipton County, I am ready to work with you!

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