Q: Whose obligation is it to disclose pertinent information about a property?
A: Obligations to disclose information about a property vary from state to state. Under the strictest laws, the seller and the seller's broker, if there is one, are required to disclose all facts materially affecting the value or desirability of the property which are known or accessible only to him.
Items sellers often disclose include: homeowners association dues; whether or not work done on the house meets local building codes and permits requirements; the presence of any neighborhood nuisances or noises which a prospective buyer might not notice, such as a dog that barks every night or poor TV reception; any death within three years on the property and any restrictions on the use of the property, such as zoning ordinances or association rules.
Q: Do sellers have to disclose the terms of other offers?
A: According to experts, sellers do not have to disclose other offers
Q: What repairs, if any, should the seller make?
A: Repair what strikes you as the least bit shoddy. Your ideal goal is to show the property in move-in condition without a thing to fix.
Outside: Improve your curb appeal. Fix cracks and bulges in walks and driveways. Replace stray roofing shingles. Paint siding, windows, shutters, and doors. Straighten sagging gutters.
Inside: Clean the kitchen especially. Unclutter the countertops and cabinets. Freshen any worn or soiled walls and woodwork. Polish wood floors. Steam clean carpets. Repair dripping facets, crooked drawers, sticking doors. Repair or replace worn appliances. Clean windows. Scrub counters, bathroom fixtures and tiles. Make sure the garage is to hold cars.
Sellers like to make all minor repairs before going on the market in order to seek a higher sales price. In addition, nearly all purchase contracts include a buyer contingency "inspection clause," which allows a buyer to back out if numerous defects are found. Once the problems are noted, buyers can attempt to negotiate repairs or a lower price.