When you're selling a home, whether it's a property in Victoria or one of the homes for sale in Ajax, there is some information that you are required by law to disclose to potential buyers. There is also some information that you are not required to tell them, but if you tell your agent they will be obligated to pass it on. Some of these disclosures are rather easy to understand - like if there are any major health hazards in the house - but others are less clear. Here is a little more information that might help you stay within the laws when it comes to selling houses for sale Toronto to Windsor.
There are some home disclosures that are under federal law. These include telling a potential buyer about lead paint that may have been included in the home before 1978. Providing the buyer with this information will allow them time to get an inspection done on the property before making their final decision. Every province also has their own laws when it comes to home disclosures. So, if you're selling in Calgary while looking at Brantford homes for sale, for example, you may want to check out the disclosure information in both locations.
Some provinces that experience extreme weather will require you to report any past or potential damages with your property. If you are living in an area that is prone to flooding in the spring, you may be required by law to pass this information on. Other factors that may be covered under provincial law are fire hazards, zoning changes, and noise, air, and ground pollution. If you're concerned that your home may be subject to one of these disclosure laws, you should check with your selling agent.
Material facts are anything not covered under the law that might affect a buyer from purchasing a property. You have the right to keep these facts to yourself but if you tell your real estate agent about them, they will be ethically required to pass the information along. An example of this is a death that took place on the property. In California it is actually a law to report a death that happened within the last five years to your real estate agent. But, if you're selling Yorkville condos you are not required to do so. Many agents will only find this a concerning factor if the death was gruesome or violent.
Many homebuyers will also ask about information relating to home renovations and repairs. These could both help or hurt the sale of your home, so it's at your discretion what you decide to disclose. Just remember, you are not permitted to lie about any element of your home. If you're selling North York real estate, for example, and the buyer asks if you have repaired the roof, you cannot claim that it is new when it is not.