Selling a property goes beyond showcasing its best features. It’s about transparency and ensuring that potential buyers are fully informed. This means disclosing all material facts, including prior reports and repairs, even if the issues have been addressed. Additionally, sellers and agents must provide copies of inspection reports and relevant documents to the buyer. There’s no expiration date on disclosures – even old repairs or reports must be shared. Real estate licensees are required to keep records for at least 3 years, and possession of an inspection report by a previous buyer does not exempt it from disclosure. Transparency is important in real estate transactions to create a fair and well-informed process for all involved parties.
Want to know more about Disclosing Reports and Repairs? Here’s California Association of Realtors®’ quick guide. Click here.
What is your home worth? click here.
Homes for sale in Carmel Valley click here.
Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 0203379
