Home inspection: Should seller disclose the flaws?
Selling your home? Here's why you should be up front about any possible defects.
When selling your home, there is always a chance that a home inspector will come across defects that may cause a potential buyer to walk away. If you continue to leave your home on the market while these defects still exist, it is your responsibility to disclose them to potential clients. This article by Mark Weisleder, a Toronto real estate lawyer, details a situation that illustrates exactly why full disclosure is necessary.
"If you learn about a problem as the result of a home inspection, get your own expert in to give a second opinion. Do the correct due diligence and fix the problem. Do not conceal this from a future buyer. Let the buyer know and have them check it out with their own home inspector," says Weisleder.