Remember that your best protection against future claims is always a full and honest disclosure. If you have questions, talk to your REALTORŪ.

Tip: Make sure you put all disclosures in writing, even if you also discuss a matter with the buyer in person. Your REALTORŪ can assist you by providing a disclosure form.

The Purchase Agreement The purchase agreement must include the seller's responsibilities, such as passing a clear title, maintaining the property in it's present condition until closing, and making the agreed upon repairs to the property prior to the buyer's moving in. (Most sellers prefer to make all the minor repairs prior to putting their house on the market; this can help them endure their asking price.)

Nearly all purchase agreements include a buyer contingency called an Inspection Clause, whereby a buyer can back out if there are numerous defects found. In fact, it behooves you to make the repairs before listing the house or else a buyer could use that angle to negotiate a lower price. Finally, remember that once you sell, you are looking for your next house and you do not want to spend all of your time fixing the house you are leaving.