Every house has some "quirks", and some have material defects that may affect the sales agreement or the asking price. Placing a less-than-perfect house on the market is fine as long as you and your real estate agent give the buyers information on any "hidden defects".

Most litigation in real estate transactions involves the buyer suing the seller for failure to disclose a problem. Whether it is a leaky roof, dry rot, plumbing or heating problems, or a wet basement, most courts do not apply the "let the buyer beware" rule to real estate transactions. Even if the buyers had a structural inspection and you sold the property "as is," you may be held responsible for undisclosed defects.

Sellers have an obligation to disclose both obvious and hidden defects. Courts have not been sympathetic to sellers who have lived in a house and are in a position to know what works and what doesn't, but do not fully reveal the facts. This is one area where honesty is the only policy. Ask your agent for help if you are unclear about any aspects of the disclosure form.

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Bob Waldron
Coldwell Banker
5450 Lincoln Blvd
Los Angeles, CA 90094
Direct: 310-337-9225
Office: 310-305-4200 x122
Fax: 310-301-1089
DRE: #00416026
Email: bob@bobwaldron.com

Bob Waldron, your real estate resource at Coldwell Banker, is a leading Realtor in Westchester, Playa del Rey, Playa Vista and surrounding communities on the west side of Los Angeles. With over 35 years of real estate experience and knowledge, Bob provides both buyers and sellers with excellent market expertise and unsurpassed professional service. Contact Bob to experience the knowledge, skills and advantages he offers when you purchase and sell real estate.