Before you sell your Middlesex home, you need to ensure that you follow certain conditions set by the Middlesex, New Jersey seller’s disclosure duties. If you want to sell your house in Middlesex, you will have to disclose what issues it has that can affect a potential buyer’s decision to purchase your home.
New Jersey Revised Statutes requires sellers to disclose Middlesex home defects that could negatively affect its value or require the buyer to carry out necessary repairs before they can reside in the property without harm. According to the law, there are 16 categories of issues you must disclose before selling your Middlesex home. These issues must be declared through your NJ Disclosure Form.
What To Note on Your NJ Disclosure Form
You should disclose all the issues in your Middlesex home that you’re aware of. According to New Jersey’s laws, these include:
- Ownership – The buyer must be informed of whether you are currently residing in the home, the year the home was bought, and how old the Middlesex home is.
- Roof – Indicate the age of the roof, any renovations done, and documentation of any leaks that you are aware of.
- Attic, Basement, Crawl Space – Mention the quality of your attic, basement, or crawl space, and any issues it has had such as water damage or mold presence. Also mention if you access these by ladder, stairs, etc.
- Termites – If there has been a history of termites, indicate it in this section and whether it has been resolved properly.
- Foundation – Note any shifting of the foundation as well as any issues with the driveway, patio, etc.
- Renovations – Mention renovations made by you or any of the previous owners from Middlesex or other areas.
- Plumbing – Note here what kind of sewage system you use and if there is a water heater in your home.
- Heating and Cooling System – Note what kind of heating and cooling system you have, hold old these systems are, and any issues it has had.
- Fireplace – If your Middlesex home has a wood-burning stove or a fireplace, indicate its age, how often it has been cleaned, and if you had any problems with it
- Electrical System – You need to indicate its type of wiring structure and if you have circuit breakers or fuses.
- Terrain – You will need to indicate if the area your Middlesex property is located in is prone to floods and earthquakes or has a shared area with another property.
- Environmental Hazards – Anything that can affect the land, water, air, or physical structures of the property. This includes the existence of lead paint or underground storage tanks on the property
- Property Restrictions – Note whether you have any dues owed, by-laws that affect the property, or any other restrictions.
- Miscellaneous – This section deals with any violations associated with the Middlesex property and any liens or defects in the property title.
- Radon Gas – Homeowners that have tested for radon gas on their Middlesex property may decide to only disclose the results of the test once they have arranged a contract of sale with a buyer. Sellers may forgo this confidentiality and immediately disclose the results as well as if the property has already been treated for radon gas.
- Appliances and Others – You have to indicate which appliances are included in the sale of the property and in what state they are in.
The disclosure form provides the buyer with an understanding of what issues come with the Middlesex home and whether it is worth buying. If the buyer wishes to purchase the property, they must sign the disclosure form acknowledging that they were made aware of all the defects.
Why Disclosing Benefits You
While disclosing defects ensures that the buyer gets their money’s worth, disclosing can also protect your interests as a seller in Middlesex. The defects listed on a disclosure form are based on your awareness as the homeowner. You are not required to have a professional double-check any issues in your Middlesex home. If you had not known that there is a problem in your attic, you are not required to have it inspected. It is the buyer’s responsibility to have this inspected. If the buyer finds defects you were unaware of, you are protected from any liability that may occur because of this.
Despite this, it is your responsibility as the seller to properly disclose the defects in your Middlesex property. You may say that you were unaware of the issue, but some issues are hard to overlook. If the buyer finds major discrepancies between the disclosed defects and the defects found after purchasing, you may be subject to a breach of contract or even fraud.
Need to Learn More?
Disclosing issues when selling your Middlesex home may lower your property’s value, but protects you as a seller from lawsuits. Want to sell your house for a good price without worrying about the defects? Sell your Middlesex, NJ home fast to Quick n Easy Offers.
We are committed to helping you sell your home fast and easily. Sell your Middlesex house regardless of the condition for a fair cash offer with no hidden fees. Arrange an appointment with us and we will view your property to ensure there are no major areas for concern. Once everything is in order, you will get your offer within a few business days. If you accept and proceed with the closing, we’ll do the rest – repairs, code violations, and all, for your sold Middlesex home.
Contact us today to sell your house.