Real Estate disclosure blues
Ask Phyllis: a blog series of frequently asked real estate questions. Email us here
Dear Phyllis,
I enjoy your weekly question and answer and haven’t seen you address real estate disclosures. I am in the midst of selling a home in Glendale. As I acquired this property through foreclosure it was purely an investment and I have never lived there. In my listing contract, I noted: “Home sold as is, with no seller repairs or warranties”. This was also reiterated to the buyer in their counteroffer.
Once we opened escrow my Realtor gave me a stack of disclosures with a lot of questions that he told me I must answer. I don’t know most of the answers and don’t understand how I can be expected to provide the answers when I am not that familiar with the home.
Bill T.
Dear Bill,
As a real estate agent, I too am often frustrated by the amount of paperwork, some of which seems very redundant. By law, you are required to complete these real estate disclosures. I am not a real estate attorney, but in my experience as a Realtor, it would seem prudent for you to note on the disclosures that you have never occupied the home. The purpose of these disclosures is for you to disclose any known material facts or defects of the home. If you have been to the home and noticed a leak, that would need to be disclosed. But if you don’t know an answer, state “unknown” or when applicable check that box. You are certainly not required to act as a detective to learn the answers.
Unless you agreed in the Real Estate Purchase Contract, you are not required to complete the Property Questionnaire, which is an additional three-page question and answer form.
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