808 Oahu Realtor (Ryan Riggins) License #RS-74740

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Sellers: Disclose Before You Close!

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Property Disclosure Report with house and pen.

It’s a few pieces of paper that can save you a lot of trouble down the road. It’s called the seller disclosure form, and it’s one of the most important things you, as a seller, will fill out in your home sale.

So what is a seller disclosure? It’s a form that outlines any conditions that might affect your property’s livability or value. Items a seller would disclose to potential buyers include termites, radon or other environmental issues, foundation problems and broken home systems or appliances.

Disclosure laws vary from state to state, and your real estate agent should be aware of what’s required in yours. Sellers who do not disclose major issues – let’s say a broken HVAC system, leaking pipes or mold growing in the basement – could be on the hook for paying to fix the problems or wind up in court, even after closing.

Marketing a home “as is” or claiming you didn’t know about certain problems doesn’t save you from the responsibility of completing a full and honest disclosure.

Most buyers will likely hire a home inspector during their home purchase to catch these types of issues, but if you’re aware of major repairs and problems ahead of time, it’s better to be safe than sorry and disclose what you know. It will save you time, money and (quite possibly) the entire transaction if you’re upfront with potential buyers.

Author: Ryan Riggins (RA)

Ryan started building his businesses at the age of 18, and he hasn't stopped since. He is a successful Real Estate Agent and Investor. He not only has rehabbed properties, but also holds properties as rentals. Ryan has made money by building his real estate investment business, learning on his own, and finding mentors willing to share their knowledge with him. Ryan is a true Entrepreneur. When Ryan Riggins found himself making a change to Real Estate in 2006, he looked back to his first open house at the age of seven with his Mentor/Broker and father John Riggins. In 2006 Ryan was living in Ohio, he realized it was time for a change. He packed up and moved to Port Lavaca, Texas. He literally rolled into town on his last tank of gas, and lived in a old burger joint, and knew he needed to come up with money to pay his Mortgage. Ryan teamed up with his father and started rehabbing Mobile Homes. Ryan kept working until he had put systems in place for all phases of the business. He has a system for finding properties, to finding contractors for remodeling Flipping and Renting. Ryan continues to works as a Realtor with his father John Riggins as his broker and Rehabbing homes, doing about 4 deals a month. This is his passion. He loves the adrenalin rush, and yes Rehabbing can be a little stressful. In fact, Ryan says: "You've got to have ice water running through your veins." In the course of Rehabbing, Ryan manages to beautify his properties, and the surrounding neighborhoods one step at a time. Ryan enjoys helping others Build Wealth through Real Estate. Whether it be the first time home buyer or the experienced investor or helping distressed home owners sell to avoid Foreclosure. To Ryan its all about building life long friendships.

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