Disclose Aluminum Wiring Before Listing Home
REM # F628
By Ilyce R. Glink
Summary: A reader wonders if they should disclose the aluminum wiring in their home when listing it for sale. Ilyce suggests disclosing any material defects with the property that are hidden.
Q: I read in your column a few weeks back about how important it is to disclose
things that are wrong with your house. Our house was built in 1970, and has
aluminum wiring.
When we sell it do we have to disclose this? When we bought the property, the aluminum wiring wasn’t listed on the disclosure statement.
A: I don’t know whether you’re “required” to disclose that or not. What you’re supposed to disclose are material defects with the property that are hidden – in other words, those problems that you know about but that can’t be seen with the naked eye.
In general, I think it's best to disclose everything when you list a home for
sale. That way, there are no surprises for the buyers. And, you won't have a
buyer coming back to "renegotiate" anything because it has all been
disclosed upfront.
Ask your agent what else she feels should be disclosed about your property before
you sell it.
NOTE: This column is distributed by Real Estate Matters Syndicate, PO Box 366, Glencoe, Illinois, 60022. This column may not be resold, reprinted, resyndicated or redistributed without written permission from the publisher.
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