PROVIDING INFORMATION TO MY BUYER – WHAT DO I REVEAL?
BY Tabitha Lee
When selling a property, it’s essential to provide accurate and comprehensive information to prospective buyers. You are required to disclose any major issues you are aware of, such as restrictive covenants affecting the property’s use or the presence of invasive plants like Japanese Knotweed in the garden.
DISCLOSING INFORMATION TO YOUR BUYER
Typically, when selling your solicitor will provide you with a Property Information Form for you to complete, which gives the buyer detailed insights into the property. This form covers a wide range of topics, including boundaries, disputes, alterations, guarantees, warranties, insurance, environmental considerations, rights of access, parking arrangements, charges, occupiers, and services. Completing this form openly and honestly helps ensure that the buyer has a thorough understanding of the property.
HOW CAN MY SOLICITOR HELP?
If you have concerns about issues that might impact a buyer’s decision or are unsure what to disclose, consulting with your solicitor can be invaluable. They can advise you on how to minimise any legal risks and clarify responses like “not to my knowledge,” which in some cases may imply that relevant checks have been carried out. Having a legal adviser you can rely on throughout the transaction ensures that you proceed with confidence and transparency.
To discuss your property needs and learn more about how we can help, call DPM Legal on 01483 521 597or visit www.dpmlegal.co.uk.
We’re happy to explain the services we offer and how we can assist you in ensuring your property transaction runs smoothly.
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