Reply to MD disclosures-- are people honest? Which ones scare people off?

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Reply to "MD disclosures-- are people honest? Which ones scare people off?"

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[quote=AgentX]I tell clients that structural issues are the most scary, and most everything else can be remedied with the right contractor.

You want to disclose everything you personally know from the time you lived there. If the people before had termites but you didn't, you can disclose but you are not obligated to. If you have had no termites in your time of ownership, you don't have to disclose. If you have a contract with a company to spray, mention this.

If the frozen and burst pipes were remedied, disclose the issue and tell what you did to fix/solve it.

If unpermitted work occurred on the house under your watch, disclose. If not, then the buyer is able to find any permits using the same online system you would find, so you don't have to disclose but this is a gray area. Since you know, you should disclose, but this doesn't meet the test of something "latent."

If you tested for asbestos and didn't remediate, and you tested for lead paint and didn't remediate, then disclose. If you assume it's asbestos and lead, you say unknown.

Most people are truthful in Maryland because there are lots of rules/laws and the price for not disclosing is steep.

Your agent should be telling you this by the way. If they don't know or letting you fly blind on this, that's not good.

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