What Happens When You Don’t Disclose Technical Issues with Your Home to the Buyer?

 A hidden technical issue, at the time of home selling transaction, that cannot be discovered by a prudent and diligent buyer, without specialized assistance, is the responsibility of the seller, who must disclose it.

According to the law, as a home seller, you are obliged, at the time of the transaction, to guarantee it against hidden vices (as well as against eviction).

The buyer who has discovered a hidden technical issue of the house that existed prior to the purchase can bring it to your attention within a reasonable, legally established time. The designer, the certified project verifier specialist, the manufacturers and suppliers of materials and products for construction, the contractor, the specialist responsible for the authorized execution, the authorized site supervisor or the certified technical expert may also be legally liable, according to their obligations, for the hidden vices of the construction, arising within the interval established by law, depending on the nature of the technical issues.

If the buyer discovers a hidden vice, he/she must immediately contact the seller. If there is no response or reaction from them, the buyer may consider starting a court action.

homes for sale in Erie CO

To prevent such a situation, according to a reputable real estate agent, before listing homes for sale in Erie CO, it is best to hire a general contractor to make a thorough inspection of the house, before putting it up for sale. Such an inspection report is an official document that proves your good intentions to inform your potential buyers correctly, and which will help you a lot in the sale-purchase process