What to Include in a Naperville Seller’s Disclosure l Naperville Homes for Sale

What to Include in a Naperville Seller’s Disclosure l Naperville Homes for Sale

When selling a Naperville home, it’s important to be upfront with a full disclosure of the property’s condition.  

When the National Association of Realtors (NAR) conducted a legal scan survey in 2013, 72% of agents/respondents listed property condition disclosure as one of their top three concerns.

Non-disclosure has often been a cause of dispute, sometimes even leading to expensive lawsuits between home sellers and buyers. To protect themselves from possible legal actions, homeowners of Naperville Homes for Sale by Subdivision must know key points to include in a disclosure.

Home sellers in Illinois are required by law to disclose, in writing, what they know about the quality and safety of the property they are selling. Though not considered a substitute for a property inspection, disclosures are effective ways of levelling the field between the seller and buyer. By honestly answering and completing a Residential Real Property Disclosure Report form, the seller can be protected from potential liabilities and lawsuits. It can also help the prospective buyer make a more informed decision as he or she gets a clear picture of the property’s real condition.

Here are some of the things owners of Naperville Homes for Sale by Subdivision must disclose:

• All major and minor repairs not readily identifiable by the buyers.
• Termite problems. (To avoid a negative impression, get a termite clearance report prior to putting your property on the market).
• Water leaks and mold
• Appliance malfunctions, system and components defects
• Natural hazards
• Boundary line disputes
• Neighborhood nuisances

A full disclosure is best for the both the seller and buyer. It shows that, you, the seller are thorough and upfront in your transactions, thus earning the prospective buyer’s trust and confidence. The buyer, in turn, can make a faster and satisfactory purchasing decision. Always remember that when in doubt, it is often better to disclose an issue than not.

If you need help in selling your Naperville home, or if you’re interested in buying one of those gorgeous Naperville Homes for sale by subdivision, call Teresa Ryan at 630-276-7575. Teresa Ryan is the owner/broker of Ryan Hill Realty.

Teresa Ryan

Broker/Owner, CDPE

Ryan Hill Realty

1001 E. Chicago Ave., Ste. 103

630-276-7575

TRyan@RyanHillRealty.com