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Tip 3. Disclose

As protection for real estate buyers, laws in some states require sellers to make known things that were previously unknown. You can protect yourself by making complete and accurate disclosures. The first step in preparing your home for selling is to have a professional home inspection. Knowing the condition of your home is critical for any honest seller. You can do the inspection yourself or hire an inspector. A pre-sale inspection alerts you to any repairs that need to be done before trying to sell your home, or to areas of your home that will come into question from prospective buyers. The buyer is typically obligated to contract an inspection before making a formal offer. Most states have clear laws making it mandatory to disclose known defects that could affect the value or salability of your home. A Property Disclosure Statement is a basic form that discloses the general condition of the home as well as seismic hazards, geological hazards, environmental hazards (lead paint, asbestos, radon gas), termite damage, etc. A general home inspection will let you know well in advance what the buyer may attempt to negotiate, and it will help you spot items inside and outside that need your attention to make your home as marketable as possible in a competitive market. A pre-sale inspection gives you confidence as the seller, and can be a positive sales tool to reassure prospective buyers of the home's condition. You can find Property Disclosure Statement form at real estate forms section.

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