If you want to sell house fast and for a high price, every homeowner knows that your house must be as attractive as possible to get potential buyers. It can be hard to sell your home if you have problems such as noisy neighbors, high crime rates, or subsidence. Potential buyers may be tempted to withhold this information, which can cause them to delay. Despite how tempting this may sound, it’s best to be honest about your intentions when you are selling your home. However, if you want to sell your house as is, reading can benefit you. So what information do you need when selling a house?
1. What Must You Declare When You Sell A House
The common belief that buyers are the only ones responsible for deciding whether the property is suitable for their needs, is incorrect. This piece of paper allows buyers to access any information about your property they don’t have access to elsewhere.
In fact, the seller has to fill out a Property Information Form – commonly referred to more as a TA6.
What Should You Declare When Selling Your Property?
Hidden defects
Problems with neighbors
Applications for planning permission
Any modifications or building works that you make to the property
Building insurance details
Major problems were found in prior surveys
Proposals for nearby development/construction
Crime rates in the neighborhood
There are pests and problem weeds associated with the property
Your house’s location
Remaining debts that are associated with the property
Remember The Following When You Speak To Potential Buyers
View The Issue Through The Eyes Of A Reasonable Buyer’
If someone can see the negative side of something, they should disclose it.
Consider Context
Young singles and those who aren’t married will have less trouble finding a place to live.
2. What Effect Will The TA6 Forms Have On Your Property Sale?
If your property (or that of a neighboring property) has knotweed then you must provide documentation detailing the treatment and the results. Once you have disclosed all pertinent information, it is up to your potential buyers and their decision to assess the facts and make a purchase offer.
Depending on the details of your property, the timing or price of your property may be affected. However, when you consider that this could lead to you being sent to court for not disclosing all information, and the costs you will incur, it’s an easy decision.
3. What Happens To The TA6 Forms If You Fail To Complete Them?
Some homeowners might feel tempted to not fill in the TA6 application because it is not mandatory. Although most conveyancing lawyers will tell you that it is not mandatory, it is worth doing so.
4. What Happens To You If The TA6 Forms Are Filled In Falsely?
If sellers are having issues with their property (e.g., a boundary dispute, excessive noise level) it is possible to deceive the TA6 forms.
While the seller is in complete control of what to declare when selling property, there is one thing that is certain: everything must be correct.
