Disclose or Disclaim in Maryland that is the Question?
Disclosing or Disclaiming means that you have lived in the property or you have not. If you’re looking to sell your Maryland house, be prepared for numerous showings, plenty of cleaning, and lots of paperwork. One piece of paperwork that’s particularly important is your seller’s disclosure statement or form. This document advises buyers of potential issues with your home and can play a crucial role in protecting you from costly legal issues. To help speed up your home selling journey, here’s everything you need to know about creating a seller’s disclosure form. By hiring Skip Young your Fort Meade MD PCSing Realtor® – With PCSing Reviews can help you understand when you should use the Maryland disclaimer or disclosure. Since you are Service Members at one of The Bases surrounding Washington DC, Maryland and Virginia your circumstances may be different than a average sale. Its always good to contact a Realtor® Skip Young to assist in help you understand latent defects and if the question needs to go higher up, serving as a Board Member of VAREP in Annapolis MD, I can get the answers we are looking for.
What is a Seller’s Disclosure Form?
A seller’s disclosure form, often called a property disclosure statement, is a form you fill out that details all the potential problems with your home. Sellers are legally required to produce these statements in most parts of the country. The idea is to protect buyers from purchasing a home with undisclosed problems. But the disclosure form is also extremely important for protecting yourself as the seller from possible lawsuits.
If you fail to disclose a problem you know about and it later causes issues for the new buyer, you could be sued for the price of repairs or more. You could downplay some known issues because you do not see them as major issues, but telling buyers about any issue up front is the best option.
Buyers typically receive the seller’s disclosure form after their offer has been accepted. They will likely review the paperwork with their attorney or real estate agent to see if any of the disclosed issues warrant reconsideration of the deal. It’s possible that a problem may be serious enough to cause the deal to fall through.
State Disclosure Regulations
What you need to include in your seller’s disclosure form is generally based on individual state regulations. This means you’ll have to look up what the law is for your state to make sure your disclosure form meets all the necessary criteria. But there are some federal regulations as well, particularly for lead paint.
A federal lead paint disclosure requirement says that any home built prior to 1978 has to be inspected for lead paint and the results of that inspection disclosed to buyers. Homes built after 1978 aren’t subject to the lead paint requirement, but you’ll still likely have to submit a seller’s disclosure statement in keeping with your state laws.
What Needs to be Disclosed?
As stated above, the exact kinds of issues you need to disclose will be determined by your state laws. But here are some of the more common problems included in seller’s disclosure forms:
- Faulty windows or doors
- Cracked foundation
- Leaky roof
- Problems with appliances
- HVAC issues
- Unpermitted additions/improvement projects
- Water damage (including damage that has been repaired)
- Lead paint or asbestos
- Hazardous conditions (house is in area prone to floods, wildfires, etc.)
- Pest infestations
- Significant repairs made by you or previous owners
- Insurance claims made due to damages
Essentially, if there’s been a significant issue with any of part of the house’s structure, major systems or surrounding infrastructure, it should be disclosed in your seller’s disclosure statement.
Preparing Your Seller’s Disclosure Statement
Some states have a standard disclosure form that you will need to fill out, while others grant some leeway in terms of how you actually communicate your disclosures. But in general, the disclosure statement will need to be made in writing and the language used must be straightforward and honest. In some areas, you may need to hire a real estate attorney to help you prepare the form and ensure legal compliance. In states where an attorney is not required, your real estate agent can help you complete your seller’s disclosure form.
If you’re in need of a real estate agent to help sell your house and work in one of our hero professions — firefighters and EMS, law enforcement, military, healthcare professionals or teachers — simply registerwith Homes for Heroes today. You’ll be automatically matched with a real estate and/or mortgage specialist in your area. Not only will these specialists be your dedicated partners, helping to prepare your seller’s disclosure statement and other necessary paperwork, but they’ll also save you money in the process.
Nobody wants to admit their home has issues, especially when you’re trying to sell. But by creating a comprehensive seller’s disclosure statement, you not only ensure legal compliance at the point of sale, but you also protect yourself from future legal action. Seller’s disclosure forms are one important piece of the selling process. Making sure it’s handled correctly is key to completing the deal and protecting your family.
Ready to complete all the necessary paperwork and get your home on the market? Registerwith Homes for Heroes and our specialists will help you through every part of the home selling process while saving you money along the way.
Skip Young Realtor® with eXp Realty, Helping you to sell your home in Maryland Real Estate Market. Knowing how to Stage your home prior to going on the market in today’s current Real Estate market around Fort Meade Maryland, Andrews Air Force Base and Patuxent Naval Base you need to be one step ahead when selling your home. If you’re looking for a Realtor® that can get the job done and sell your home and net you more money make sure you contact me Skip Young Realtor® at firstname.lastname@example.org or call me at 301-337-1999 and let’s make an appointment to come out and see your home and see how to apply this list to your listing. If we can make the changes to get more money for your home.
f you are stationed here and are looking to purchase or sell a home please contact Skip Young Realtor®:
Marine Barracks Joint Base Anacostia-Bolling PSD Washington, DC Washington Navy Yard USCG Headquarters Visitor Entrance the United States NavyNavy Band US Army National Guard Armory American Military Society Navy Lodge US Naval Reserve Readiness Military Naval & Air AttacheWashington DC Police Department Air Supply US Coast Guard Headquarters Joint Anacostia-Bolling AFB Department of NavyFort George G. Meade Naval Support Facility Indian Head Joint Base Andrews Coast Guard Yard US Air Force Civil Air Patrol NAVAIR Maryland Military Department Naval Surface Warfare Center Army National Guard Recruiter US Army Reserve Center Naval Air Station Patuxent River Welcome to the Fort Belvoir Air Force United States Department Joint Base Andrews, MD
Skip Young Realtor® with Reviews as a Realtor®, has an extensive background in working with an Elite Unit while serving his country from 91 – 94. Now an Award-winning Realtor®, located in Waldorf MD, has proven not just in the ranks of the field with an Elite unit in the Army, but also in the Maryland Real Estate Business. By working with every type of client, to include active duty and veterans alike. His dedication to helping those who are serving and need to use their VA loan, need information on leasing a property due to a short-term duty station at any one of the bases here in the Washington DC, Maryland or Virginia. Military bases such as:
There are currently 23 million veterans and service members right in your local community of Washington DC, Maryland, and Virginia. They transact over $153 billion annually in the Local Real Estate purchases and Selling of Property, along with the Rental Market. Learn how you can help tap into and serve the veteran community with VAREP, the Greater Annapolis Chapter. Skip Young your Waldorf MD Realtor® and Veteran is still continue’s to serve my country by helping our community of brothers and sisters by representing the Government Affairs division. The position is about assisting in changing the laws that help protect veterans and service members who need to find housing in the Washington DC Maryland and Virginia area.
Caruso Homes “Build on Your Lot”
2120 Baldwin Avenue, Suite 200, Crofton, MD 21114
Caruso Homes “Build on Your Lot”
2120 Baldwin Avenue, Suite 200, Crofton, MD 21114
Military MD Realtor® | Veteran | eXp Realty | Author | VAREP Director of Government Affairs Greater Annapolis Chapter
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