Rights and obligations when selling your house

On Behalf of | Jun 19, 2020 | Real Estate |

You want to sell your house. Maybe it’s just time for something new. Maybe you prefer a different school district. Maybe it’s just a good time in the current market. Regardless of the reason, it’s time to sell. 

As you move into this process, make sure you know what rights and obligations you have. It’s important to know where you stand in a legal sense so that you can avoid mistakes and make sure things go smoothly. 

For instance, if there are known defects with the property, you have to disclose them. It does not matter if you’re selling “as is.” You still have to disclose things like water damage or fire damage. If you got it repaired after the fact, this may no longer have a bearing on the sale. But you can’t just try to cover it up and hope that the buyer does not notice it. They have a right to know about the issue in advance. 

You are also obligated to abide by the contract, and that usually means allowing a buyer to have an inspection done. There are exceptions. Some buyers leave out this common contingency because they want to make the offer more attractive. Most leave it in, though, and you have to let them conduct the inspection before the sale. You have to abide by any contingencies that you agreed to when you accepted that initial offer. 

If you end up in a dispute with a buyer, either because they did not fulfill their obligations or because they do not believe that you did, make sure you’re well aware of the legal options at your disposal. If you’re in doubt, it may be time to speak with an attorney.