What to include in a naperville seller's disclosure

What to Include in a Naperville Seller’s Disclosure
Naperville Homes for Sale

When selling a Naperville home, it’s important to be upfront with a full disclosure of
the property’s condition.
When the National Association of Realtors (NAR) conducted a legal scan survey in
2013, 72% of agents/respondents listed property condition disclosure as one of their
top three concerns.

Non-disclosure has often been a cause of
dispute, sometimes even leading to
expensive lawsuits between home sellers
and buyers. To protect themselves from
possible legal actions, homeowners of
Naperville Homes for Sale by
Subdivision must know key points to
include in a disclosure.

Home sellers in Illinois are required by law to disclose, in writing, what they know
about the quality and safety of the property they are selling. Though not considered a
substitute for a property inspection, disclosures are effective ways of levelling the field
between the seller and buyer. By honestly answering and completing a Residential Real
Property Disclosure Report form, the seller can be protected from potential liabilities
and lawsuits. It can also help the prospective buyer make a more informed decision as
he or she gets a clear picture of the property’s real condition.

Here are some of the things owners of Naperville Homes for Sale by Subdivision must disclose:
● All major and minor repairs not readily identifiable by the buyers.
● Termite problems. (To avoid a negative impression, get a termite clearance report prior to
putting your property on the market).
● Water leaks and mold
● Appliance malfunctions, system and components defects
● Natural hazards
● Boundary line disputes
● Neighborhood nuisances

A full disclosure is best for the both the seller and buyer. It shows that, you, the
seller are thorough and upfront in your transactions, thus earning the prospective
buyer’s trust and confidence. The buyer, in turn, can make a faster and satisfactory
purchasing decision. Always remember that when in doubt, it is often better to
disclose an issue than not.

If you need help in selling your Naperville home, or
if you’re interested in buying one of those gorgeous
Naperville Homes for sale by subdivision, call
Teresa Ryan at 630-276-7575.
http://www.ryanhillrealty.com/

What to include in a naperville seller's disclosure

What to include in a naperville seller's disclosure

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What to include in a naperville seller's disclosure