Hey, it’s Sue Bonzell with Terra Firma Global Partners, your Sonoma County realtor, and today we are going to talk about disclosures. Woohoo, so exciting! Well, for my seller clients, I show up with a nice big fat pack of paperwork. Not very much fun, but very important, because I know in real estate, people always say, “Location, location, location is the most important thing.” Well, for my listing clients, disclose, disclose, disclose is the most important thing. I’m going to show up with that big stack of paperwork, and one of those things in there is the seller property questionnaire. It’s going to be all kinds of questions about your property. All the history. What do you know about it? What’s there? What have you done to the property? Have you done any repairs? Have you painted? All of these different things. Also the transfer disclosure statement.
They are very similar. A lot of the similar questions but you have to fill them all out to the best of your ability, to the best of your knowledge, and I always tell my sellers, “Give all the information.” If you know that underneath that rug there’s a hole in the floor, you might want to tell us about it, because eventually that buyer is going to find out after you close escrow, and if they don’t see it on your disclosures, they are going to be very upset, could mean getting sued, and I have a great story for you about a seller who could possibly be getting sued right now by one of my buyers, and I’ll tell you about that next in my next blog.
I’m Sue Bonzell at Terra Firma Global Partners.