Before selling a home, the law requires the owner to disclose a property’s condition — in writing — to potential buyers. According to the Connecticut General Statutes Section 20-327b, a purchaser also has a right to inspect a property before entering into a contract.
As reported by the Connecticut Post, sellers generally need to reveal a home’s structural condition and any previous issues that may have involved flooding, mold or termites. In addition to structural problems, a seller may face liability for failing to reveal issues concerning a home’s electrical or plumbing system.
Some items that may require disclosing
Sellers must disclose improvements made to older homes, such as alterations or installations of sewage and water lines. A property may, for example, have previously had a septic tank until its owner installed a sewer line and connected it to the local municipal system. For properties with existing and operational septic systems, buyers need to know the cost of waste removal or maintenance they could expect.
Disclosures may also include environmental factors, such as a property’s location near wetlands or marshes. If a property’s water contains natural or industrial pollutants, the details require a written disclosure. Sellers must also inform potential buyers of the type of technology used for a home’s heating, ventilation and air conditioning.
Boundary lines and easements
A land survey typically reveals a property’s boundary lines, and any ongoing lot disputes require outlining in a written disclosure. As described by Bankrate.com, potential buyers must know if a homeowner has permission to use a neighbor’s property, such as driving through an easement.
Selling a house without disclosing known issues could result in a legal action after an ill-prepared buyer has moved in. Due diligence on the part of both parties entering into a real estate transaction may avoid a number of problems from occurring before or after the closing.