What Do You Have To Declare When Selling Your House?
If you’re looking to sell your home you may be unaware that there are certain things you are required to declare in order to ensure the most transparent transaction between buyer and seller.
There are many different types of things you are required to pass on to future buyers, and in some cases it can have an effect on how quickly a house gets sold.
Honesty is always the best policy and below you’ll find all you need to know about information you’re required to declare when selling your home.
How To Disclose Information When Selling Your Home
As part of the standard conveyancing process, a seller is required to fill out a Property Information Form, which is more commonly known as a TA6.
These are forms that tell buyers information they wouldn’t necessarily find on a survey, and are essentially hidden issues.
The issues can vary and some are much more serious than others.
What Information You Should Declare When Selling
The range of information that should be supplied in a TA6 can be very different, ranging from problems with weeds to problems with neighbours, and many other factors associated with the area in which you live.
Among the information you must declare includes:
- Any hidden defects: For example asbestos or high levels of carbon monoxide
- Planning Permission: Any previous applications for planning permission, including those pending or having been denied
- Problems from previous surveys: Any issues that were revealed in previous surveys
- Pests or Problem Weeds: For example, Japanese knotweed, which can cause structural damage to a home.
- Problems with Neighbours: Any issues that have been had with neighbours. For example, arguments over boundaries or noise.
- Proposals for new constructions nearby: If there are any new developments about to start a potential buyer should be made aware.
- Location of house: Is it on a main flightpath or if you hear noise from a nearby motorway.
- Crimes in the home/neighbourhood: You must reveal if any murders or suicides have knowingly been committed in the property, while recent burglaries in the local area should also be highlighted.
- Debts associated with property: You should highlight if there are any outstanding debts associated with the property.
Will This Affect My Sale?
You may find that certain information found in a TA6 report can affect the sale of a property. For example, problem neighbours may put off a young family wanting to move. However, it isn’t always the case where a deal will fall through.
It is important to be honest and it is also the law to reveal the information disclosed above. If this is affecting your ability to sell the property, then here at Fast Cash Property, we could help.
We’ll buy a property no matter what it’s condition and what ever the circumstances, and have helped thousands of sellers down the years who have struggled to sell on the open market.
Whether you’re looking to sell your house fast, or are simply considering it, get in touch with us today and we’ll guide you through the entire process, answering any questions you may have.