Orange Realty - T. Trabucco
Connect Via:
  • Home
  • Home Search
    • Featured Listings
    • Property Search
    • Rental Listings
    • Park Orleans Condos
    • Mortgage Calculator
  • Sellers
  • Vendors
    • All Trades / Vendors
    • Building Contractors
    • Electricians
    • Flooring Contractors
    • HVAC Contractors
    • Locksmiths
    • Painters
    • Pest Control
    • Plumbers
    • Roofers
    • Termite Remediation
    • Woodworkers
  • Links
  • Reviews
  • About
    • Contact Tony T.
  • News
    • Market Stats - Old Towne
    • Market Stats - City of Orange
    • Market Stats - Orange County
    • Land Use Planning Applications - Orange
  • Blog

Disclose, Disclose, and Disclose Some More!

5/9/2015

0 Comments

 
Picture
When listing and selling a house, it is the owner's responsibility to disclose any known defects in the property (although there are exclusions for some trusts and probate situations -- although best to disclose known situations nonetheless) to the prospective buyer of the property.  

I recommend to my clients that they carefully consider whether they would want to know about a potential disclosure item if they were purchasing the property.  If the answer is "yes" then it's a good candidate for disclosure.

Some situations are a "no-brainer" -- for example recent mold discovery and remediation should always be disclosed.  Known asbestos in the house?  Disclose! Inoperative appliances, faulty electrical, plumbing issues, roof leaks?  Disclose! Pets in the house? Disclose!  A death on the property within the past 3 years? Disclose!  Death of someone from AIDS in the house? Technically, one doesn't have to disclose this situation, but a good idea to disclose anyway (and if asked specifically by the buyer, definitely disclose!). A new freeway on-ramp being built next to the house within the next few years?  Disclose! Known sexual offender in the neighborhood (on Megan's List)? Disclose!  Added a room, installed a new water heater, furnace, roof, pool, plumbing, or electrical without proper building permits? Disclose!  Loud noises in the neighborhood (neighbors, trains, planes, motorcycles, freeway noise)?  Disclose!  Poor cell service in the house -- I would disclose.

But there are also gray areas -- the roof leaked 5 years ago, was professionally repaired by a licensed roofer and hasn't leaked since?  Likely not critical to disclose, but wouldn't hurt -- providing documentation that it was repaired goes a long way as well -- and shows that you have nothing to hide.   A roof leak that you repaired recently, but that may or may not have been thoroughly rain tested? Definitely disclose! Cracks in the slab under the flooring that you don't know about or have never seen? How would you know to disclose?  But if you saw the cracks in the floor when the flooring was being replaced, then disclose!

When a buyer closes and takes possession of a house, it is not uncommon for them to find things (mostly small) that were not disclosed by the seller and/or did not become known during a home inspection.  In many cases, the seller was not aware of the situation, and therefore did not have an obligation to disclose. However, if the buyer learns, from discussions with the neighbors for example, that a seller knew about a particular item, and did not disclose it, the buyer may have recourse against the seller.  So always better to over disclose than under disclose!

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Author

    Tony Trabucco is a real estate Broker who lives in Old Towne Orange, CA

    Picture

    Categories

    All
    Chapman University
    Drought
    Finance
    Miscellaneous
    Old Towne Orange
    Real Estate

    Archives

    April 2025
    February 2024
    August 2023
    May 2023
    April 2023
    October 2022
    October 2021
    November 2019
    July 2019
    May 2019
    January 2019
    November 2018
    August 2018
    March 2018
    February 2018
    December 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    January 2017
    October 2016
    August 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015

    RSS Feed

Tony Trabucco
Orange Realty, Inc.
1537 East Chapman Ave
Orange, CA 92866
714.288.9369
[email protected]
​CA DRE Lic #: 00982321