We recently discussed how home sellers have an obligation to disclose defects during a real estate transaction. If the seller knows that there are significant problems with the home, they need to make potential buyers aware of those issues. After all, this can affect the value of the home and may change the purchase price. Some buyers will also ask for issues to be repaired by the seller, agreeing to a higher price if the work is done.
Unfortunately, some sellers may attempt to hide defects when putting their property on the market. They may do so simply by claiming that they had no knowledge of the issues and therefore had no responsibility to disclose them. However, there are some other tactics that they could use. Here are a couple of things that prospective buyers should look out for.
Minor repairs
The presence of minor repairs could indicate that they were just done to hide the underlying damage. Perhaps the ceilings were recently repainted. Was that to make it easier to sell the house or was it because there was discoloration and obvious water damage on the ceiling?
New trim or woodworking can also be an indicator of deeper issues with the home. These little aesthetic fixes could be used to disguise defects or make the home look like it is in much better condition than it is.
Covering unpleasant odors
With issues like water damage, the musty, damp scent of the home itself can be an indicator of potential damage. As a result, some sellers will do things like lighting candles or baking a loaf of bread whenever they are going to have a showing. This can change a potential buyer’s perception of the house, as it covers up any unpleasant odors until after they have made the purchase.
Disclosures and defects often lead to disputes. If you believe a seller failed to disclose known defects when you purchased a home, it is wise to get legal guidance to protect your rights.
