Are 2 Seller's Disclosures Better Than 1?
By law, Minnesota home Sellers must provide prospective Buyers with a disclosure detailing the condition of their home.
If one Seller's Disclosure is good, is a second -- the previous Seller's disclosure -- even better?
If the owner has been in the home a relatively short time -- say, less than 2 years -- definitely. That's especially true if the previous owner had a long tenure in the home and/or made major changes.
However, as the previous Seller's disclosure recedes in time, so does its significance.
Which isn't to say that it's not welcome if the current Seller provides a copy, for two reasons:
1) it telegraphs that the Seller has nothing to hide; and
2) from experience, I've found that Sellers who are meticulous about their record-keeping also tend to be conscientious about things like home maintenance.
Showing posts with label home maintenance. Show all posts
Showing posts with label home maintenance. Show all posts
Tuesday, July 21, 2009
Subscribe to:
Posts (Atom)