Getting ready to sell a home can be an exciting time. However, before your home officially sells, this state requires that certain things get disclosed to a buyer. Considering that, here is more information about disclosure requirements in North Carolina.
These types of disclosures involve anything that can impact the health or safety of a home buyer. Health and safety concerns can include the presence of any hazardous or toxic substances. A few common examples of health and safety concerns are mold, radon, asbestos and lead-based paints.
You’ll also need to disclose all additional fees a buyer will be responsible for. These can include fees and covenants from a homeowners association. It’s also imperative to disclose annual dues and restrictions. Making these disclosures help a buyer know what they’re getting into before buying a piece of residential real estate.
Another disclosure requirement involves reporting natural disasters and environmental hazards. If you live in an earthquake, fire, or flood zone, you’ll need to disclose this information to any potential buyer. You must also list any potential noise or sound-related nuisances that could affect a buyer.
Lastly, make sure you also disclose any visible and invisible defects regarding your home. There are many areas in and around a home where defects might be present. Certain defects listed in these disclosures might involve:
In conclusion, it’s essential to disclose information about your property to a buyer before selling it. If you need help understanding what does and doesn’t need to get disclosed, it could be a good idea to contact your real estate agent as well as an experienced attorney.