Expert Tips
Lead Based Paint: What it Means for Your Disclosure Form
Learn about lead-based paint and how it relates to your disclosure forms.
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If you’re looking to put your house on the market but want to do everything you can to increase the property value, there’s a few cheap repairs you can make to your house to put more money in your pocket. Keep in mind that while these changes can add tremendous value, it’s important to properly note them on your disclosure notice to avoid a lawsuit.
Paint is one of the cheapest, easiest ways to update the look of your home before you list it. A fresh coat of paint can work wonders on a house and help it to leave a great first impression for potential buyers! Light and neutral colors are suggested when painting as they tend to attract the most buyers because they are generally appealing. If you have wallpaper in your home, it’s probably best to remove it and replace it with a neutral paint color. Wallpaper can make a home look much more dated than it actually may be, decreasing the amount a buyer may be willing to pay for it.
Lighting can be a crucial factor when showing your home to potential buyers. Proper lighting has the ability to maximize the perceived space of a home, so a little goes a long way when investing in upgraded lighting. If the lighting in your home is dated and ineffective, consider incorporating more natural light as a way to modernize your house’s appearance.
There’s nothing more off-putting to a buyer than going into a bathroom only to find faulty appliances and a damaged floor. If your bathroom has such problems as a running toilet or a leaky faucet, the small investment in fixing these issues can prove to be instrumental in selling your house quickly and for a favorable price.
If you want your home to leave any potential buyers with a positive first impression, take some time to improve the exterior of your house. With the exterior being the very first thing buyers see when they arrive, it’s important to fix up any broken fences and get rid of anything that could be considered unsightly to a prospective buyer. Consider planting flowers around your house and installing fresh sod on your lawn to ensure that your property looks picturesque.
While these home improvements can substantially increase the resale price of your home and help it sell faster, they can also put you at risk when it comes to the seller’s disclosure notice. Often times, sellers will neglect to include the proper information regarding home improvements through the seller’s disclosure form, inadvertently leaving themselves open to very expensive lawsuits.
To make things worse, agents aren’t allowed to help sellers complete their seller’s disclosure as that would leave them liable to any future lawsuits regarding that sale. Using Sellers Shield Smart Sellers Tools™, sellers can rest easy knowing that they have been given the easiest and most reliable way to fill out the seller’s disclosure form and prevent lawsuits after the sale.
Learn about lead-based paint and how it relates to your disclosure forms.
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