Residential real estate market information for Metro Detroit's Northern Suburbs brought to you by Realtors Maureen Francis and Dmitry Koublitsky of SKBK Sotheby's International Realty. Monthly market statistics for home owners in Oakland County. MLS listings available on our web site:

Monday, October 03, 2005

Sellers: What Should be Disclosed?

"Sellers should not be afraid to disclose known problems in their house. It is better to disclose now, than be hit with a lawsuit by the buyer after he discovers not only that there are defects in the property, but that the seller knew -- or even should have known -- of before the property was transferred. In my opinion, disclosure solves most -- if not all -- consumer related problems. You can never go wrong in telling the truth about your house." Bernie L. Kass, Realty Times. Mr. Kass's article covers changes in legislation in Maryland and the District of Columbia, but his sentiment regarding full disclosure is excellent advice. No seller has ever been sued for disclosing too much!

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