If you want to sell your property quickly and for a good price, any homeowner knows that you must ensure your house is as appealing as possible in order to attract potential buyers as you can. But this can be difficult if you know there are issues with your property, such as having nuisance neighbours, a high crime rate or even subsidence issues. As a result, it can be tempted to not disclose any such information to potential buyers which may put them off. However tempting this may be, it is advisable to be honest and disclose all information necessary when selling your home, otherwise it could come back to haunt you later on – after all, honesty is the best policy. So, what do you have to declare when selling a house?
What must you declare when selling a property?
- Hidden defects (e.g. asbestos or high carbon monoxide levels)
- Any problems with neighbours (e.g. boundary disputes, noise arguments, and any neighbours with an Antisocial Behaviour Order (ASBO) by the police)
- Applications for planning permission (e.g. pending, approved, or have been denied)
- Any alterations or building work carried out on the property (you must show certificates, applications for development and planning permission details)
- Building insurance details
- Major problems found in previous surveys (e.g. subsidence, problems with the roof etc.)
- Proposals for nearby development/construction
- Crime rates in the area (e.g. neighbourhood burglaries, murders etc.)
- Pests or problem weeds that are associated with the property (e.g. rats, bats or Japanese knotweed)
- Location of the house (e.g. is it near a flight path or near a motorway?)
- Outstanding debts associated with the property
This document forms part of the pre-contract documents, which means it is legally binding. The buyer is well within their right to sue you if you lie on it, or deliberately conceal something.Thus while selling your house one must always ensure that they disclose all the facts and figures to their clients. You my check the link below for buying house