When you’re looking to sell a house, you want to make it appear as desirable as possible for a quick sale at the right price. But, if the reason for selling is due to any bad situations then what would you do? Do you have to tell the buyers?
Many sellers will be tempted to not disclose such information that they know will put potential buyers off. But it’s advisable to be honest when making disclosures about key information about your home. If you fail to include such information then it may cause significant problems for you later on. With that in mind, let’s look at the things you are required to declare when selling a property.
What needs to be declared?
Choose a professional real estate agent to help you in selling the property, you have to fill a few forms before selling. In that form you must include the reason for selling and key information about your property, as well as questions about its structural state.
You should give full disclosure of things like:
- Structural changes to the building
- Pending/approved/declined applications for planning permission
- Any significant occurrence like a violent death in your property
- Outstanding debts associated with the property
- Building insurance information
- Replacement windows or doors
- High crime levels in the area
- If any of your neighbors have an ASBO
- Whether your property is on a flight path
Few points to remember while communicating with the buyer:
Consider how a potential buyer would feel about any negative issues, without any hindrance just inform them.
If your area is noisy it could be a huge disturbance for a young family or elderly couple, so think about it.
What impact will the TA6 form have on the sale?
A TA6 form is a separate, legal document that conveyancing solicitors will ask you to completely fill it. It’s approximately 15 pages long and asks various questions about your property.
This form will not have a big impact on the sale of your property. Once all the necessary information has been declared, it’s up to the buyers as they want to decide whether the issues will be huge obstacles to them committing to buying the property.
The seller should provide details of any issues they are aware of relating to:
- Any disputes or complaints made against the seller
- Current occupiers of the property
- Changes made to the property, such as extensions
- Environmental matters
- Guarantees and warranties affecting the property
Many problems could arise with a property, from property disputes over boundaries. In such cases, the best way to quickly sell the house with problems is to do all you can to resolve the issues before putting the property up for sale.