Disclosure - Basic Facts
Part of Ed & Lynda's services to you is to help
you though the process of disclosure. Their extensive
local and regional knowledge and experience of selling
properties in Denver mean that they rapidly help you
with this process.
The Law
In Colorado sellers are presumed to be selling a home
that is functional, structurally sound and habitable
unless the seller otherwise tells the buyer. This means
that home sellers must disclose any significant problems
they've had with their homes and what (if anything)
they did to remedy the problems.Home buyers, of course,
should ask the sellers about any specific questions
they might have; but in the absence of disclosure,
may presume that the seller is not withholding information
about any significant defects the seller is aware of.
Note that in Colorado, home sellers and Realtors are
not responsible to disclose any defects about which
they have no knowledge. This seems only rational, but
in California, for example, home sellers and Realtors
are responsible to disclose any defects about which
they should have had knowledge.