If you have decided to sell a home in Maine,
what are you required to disclose to the buyer?
As a buyer, what disclosures should you expect from a seller?
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| Photo by Cambodia4kidsorg |
First and foremost, you want to be honest about any information you are giving a potential buyer. If they buy your house, they will most likely discover things you did not disclose once they move in. If you did not disclose something you were aware of, or were not honest about something...you are opening yourself up for potential liability. Yes, even after closing!
Make sure the property disclosure you get is filled out completely. If something is not answered or if you have questions about something you see, ask your agent to find out more information. Keep in mind, the seller may not know the answers to some of your questions...that's where a good inspector comes into play!
In the State of Maine the following items are required to be disclosed on the Seller's Property Disclosure Form:
1. Information on Private Water Supply
2. Information on Heating System(s)
3. Information on Waste Water Disposal System
4. Information on any Known Hazardous Materials
5. Information on any Known Material Defects
Information should also be provided about Lead-Based Paint, Arsenic in Water and Arsenic in Wood.
For details on any of these items or information on how to protect yourself as a Seller or Buyer, call Fontaine Family - The Real Estate Leader anytime at (207)784-3800 or
SELLER'S PROPERTY DISCLOSURE IN MAINE
Reviewed by Merlyn Rosell
Published :
Rating : 4.5
Published :
Rating : 4.5
