-Am I asking too much for my home?
This question might arise if your house has been on the market for several weeks without a proper offer coming your way. The price of your home is the most decisive factor for any home buyer. If you over quote, then chances are that your property will remain on the MLS for a few more months. Consult your agent when finalizing a price for your home. He can provide the best guidance by giving you a comparative analysis of other similar homes in your area. Price your home competitively and you will definitely attract the right buyers. Be realistic when fixing a price and not idealistic.
-As a seller, should I disclose all the defects in my house?
As a moral responsibility, it is important that you disclose any defects that might be present in your home. It is in the best interest of both the buyer and the seller that the entire process of the home exchanging hands goes off smoothly. If as a seller, you happen to conceal any major defects in your house, the buyer has the right to take legal action against you. This will not only sour relation between you and the buyer but also create further headaches and added costs in terms of legal expenses. Not disclosing defects in your house will also lessen your reputation as a trustworthy seller in the market. Most home buyers will conduct their own inspections of your home, usually with the help of a professional home inspector. If the defects come to light during such an inspection, word will spread quickly about how you did not give an honest picture of the property.