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This Week's Question
February 20, 2006
By Nena Groskind |
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Q: About five years
ago, I discovered termites in one area of my basement. A pest control
company treated the problem by inserting chemicals through holes
drilled in the floor. A subsequent inspection produced a clean bill of
health and I have seen no sign of a problem since. I am planning to
sell my house now and am wondering if I have to disclose the past
experience to potential buyers?

A: You don’t
have a legal obligation to disclose your experience to a seller. In
fact, even if you had a termite problem today, you wouldn’t have to
volunteer that information to a prospective buyer, although you should
answer truthfully if asked. (Lying about it could expose you to a
potential suit for fraud.) On the other hand, from what you’ve said,
you have nothing to hide, so why act as if you do? Most buyers are
going to have the home inspected and a competent inspector will spot
those treatment holes and note them in the inspection report. Buyers
are likely to be less suspicious, and more comfortable with your
assurances that the problem has been addressed if you present that
information voluntarily up front rather than defensively, in response
to a negative inspection report. Buyers who may be unnerved when they
learn about your old termite problem won’t be any more unnerved
learning it directly from you than from the home inspector. A current
pest inspection (which they should obtain even if there were no past
history of termites) should put any current fears to rest. |
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