When you’re putting your home on the market, unless everything is in mint condition, in perfect working order and there are no time-bombs waiting to go off, you might be wondering how honest you need to be about things you’ve found to be a problem. Likewise, buyers should consider which questions should be posed.
Sellers might reason that a dog that barks incessantly may only be a problem for intolerant people, for instance. But if it bothers the seller, it might bother the buyer too. With some things the need for disclosure will be obvious, and for others, not so much.
Repairs, renovations and certain defects should always be disclosed, but there are other things that sellers might not consider disclosing. Below we have listed some potential issues that we think need to be disclosed to the Real Estate Agent or buyer.
Even if you decided not to mention a necessary repair, it’s quite possible that a home inspection would reveal it anyway, making you, the seller, seem dishonest. If that happens, the buyer may wonder what else has been hidden and pull out of the sale.
It would be better to disclose the repair necessity and factor it into the sale price, or perhaps allow for more negotiation. Likewise, if you have already carried out any repairs, it is better to mention these so that the new buyer understands the condition of the home and the likelihood of further repairs in future. Disclosure prevents future disputes that you’ll undoubtedly wish to avoid.
Crimes and hostile neighbours
It should be disclosed if a serious crime has been committed on the property, such as a burglary, problems with a stalker, or even that the property is within close proximity to a registered sex offender. These are extreme circumstances, but antisocial neighbours are important to disclose too.
If your neighbours are aggressive, hostile, have regular all night parties, constantly use noisy machinery, or they chain a barking dog up outside 24/7, it’s a potential issue for the new homeowner. They might take up half the street with their cars, or block out sunlight with huge trucks or unauthorized extensions, for example. It’s important to mention this. Noisy kids are not really something to disclose, as it’s generally accepted as a normal part of life.
Drug problems are another thing necessary to disclose, whether that is a historic situation within your home, a current one, or one in a neighbour’s issue. If the home or local area is under surveillance by law enforcement for any reason, future buyers may suffer from the backlash of this.
If somebody passed away in the house, the future buyer may want or need to know about this. A natural death of a grandparent probably wouldn’t be such a big deal, but a suicide, murder or infant death might make a new buyer incredibly uncomfortable if they weren’t mentally prepared for it.
Even if the death happened before you moved in yourself, it might need to be disclosed. Although there may be no trace of any events, the psychological impact can be high and regardless of belief systems, some people will say that energies within homes feel very different. Some would consider disclosure of perceived paranormal activity crucial to disclose.
If there has been, say, a carbon monoxide problem, or regular gas leaks, this should be disclosed too. If there is a mobile phone mast in the vicinity, people with electro-sensitivity may need to be aware of that.
Lead-based paint could lead to poisoning, as could excessive mold spores. Things like bed bugs are a nasty problem and sometimes a tough one to tackle. That won’t be obvious to anyone until they’ve moved in, for sure, but it’s a harsh discovery for a happy new homeowner. Better to disclose this or deal with the problem yourself before selling.
Check the country’s legislation
When looking for at properties for sale on the Costa del Sol, buyers often have rose-tinted glasses on, fixated mainly on the dream lifestyle they’re about to embrace. It is best to be fair and mention anything you think will pose a challenge for them.
They will thank you for your honesty, and there can be no repercussions later on. If you aren’t sure which laws and legislation affect your Costa del Property for sale, you should speak to your trusted Real Estate agent and do a little research to make sure you aren’t missing anything important. Give Paradise Marbella a call – we’re ready and waiting to help you through every step of your home sale.