Things you should disclose to prospective buyers

Things you should disclose to prospective buyers:

• Water damage or mold. If you’re aware of a leaky basement, a damaged roof or any signs of dampness in your house, you need to let the buyers know about the issue. It’s best to provide receipts and insurance claim information so buyers can see how you addressed the issue.
• Lead paint. Federal law requires homeowners to disclose any known lead-based paint if you’re selling a home built before 1978.
  
• Hazardous conditions. Some states require sellers to alert buyers to the potential danger of wildfires, earthquakes and floods in the area.
• Termite damage. If your home has been previously treated for termite damage, you should disclose this to the buyers. You can also protect yourself by paying for another termite inspection.
• Repairs and insurance claims. If you know of any repairs you or the previous owners have made, it’s best to disclose them to buyers. Homeowners can request a CLUE report on their home that shows any history of insurance claims for the past seven years. If you have made repairs to your property, it’s usually best to disclose the information when you list your home for sale, even if local regulations don’t require you to do so.