28% of home buyers find hidden issues in properties after closing. A third of them blame sellers for not being upfront about them. The last thing you want is to be sued for undisclosed defects. A West Virginia seller’s disclosure form can be your best defense.
But finding the right disclosure can be tricky, and just one missed issue could cost you a fortune! Houzeo, West Virginia’s best home-selling website, removes this risk by automatically assigning the right forms for your sale. You can complete them online in just a few steps.
KEY TAKEAWAYS
- When to Disclose: Share your West Virginia seller disclosure form with buyers early on, ideally before offers come in. This builds trust and helps avoid deal delays.
- What to Disclose: List down defects like roof leaks, mold, electrical issues, or legal disputes that impact home value.
- Hidden Problems Count Too: Even if a defect isn’t easy to see, like foundation cracks or water damage, you still have to report it.
- Disclosures Can Save You Thousands: Around 77% of real estate lawsuits are linked to disclosure issues. Being upfront helps you avoid costly legal battles.
What Is a Seller’s Property Disclosure in West Virginia?
The Seller Disclosure form is a standard checklist form containing material defects and features of the property. It specifically provides information about the property that may negatively affect the value of the house.
If there are material defects in a property that may impact the value of the property and the seller is aware of them, then the seller must disclose them. However, sellers should report these defects to the best of their knowledge and understanding.
The aim of Seller Disclosure is to maintain transparency in the real – estate transaction to keep the buyer aware of any defects present in the house.
Importance of Seller Disclosures
Seller’s disclosures serve the following purpose in real estate transactions:
| # | Importance | Description |
|---|---|---|
| 📋 | Full Property Disclosure Requirements | Property disclosures reveal defects, ensuring transparency for buyers and legal protection for sellers. |
| 🛡️ | Shield Yourself from Lawsuits | Disclosing all known defects, including inspection findings, helps avoid future legal liability issues. |
| 🤝 | Develops Credibility | Honesty and transparency are crucial when selling your house disclosures build trust and credibility. |
What Do You Have to Disclose When Selling a House in West Virginia?
The sellers in West Virginia are bound by specific federal and state laws in relation to the sale of their property. Set out below are a few pointers revolving around West Virginia seller disclosure laws.
Statute on Seller Disclosure West Virginia
In West Virginia, sellers are not required by law to provide disclosures to prospective buyers. Although not mandated by law, it is always advisable to fill out a Property Disclosure Statement. The real estate agents of West Virginia have the professional duty to be truthful to the prospective buyer. If they are caught misrepresenting such as concealing material defects in a property then they can be held liable.
Disclosure of Material Defects
Apart from stating various characteristics and important aspects of the property and structure, the seller must disclose the latent material defects of the house to the prospective buyer. The seller is required to deliver the Disclosure Statement to the buyer prior to the contractual binding between the Parties.
- ✍️ Editor’s Note: Latent material defects are the ones which are not apparent or visibly recognizable defects, but they significantly affect the value of the property. Generally, these defects pose a threat to the safety or health of the occupants.
» Also Read: Foreclosure in West Virginia– Read our blog to know how to stop foreclosures in West Virginia.
Lead-Based Paint Disclosure West Virginia
Additionally, as mandated under Federal Law, the sellers must disclose if their property (if built prior to 1978) has been coated by lead-based paints. The Lead-based paint disclosure form for the seller should be filled out by the seller.
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Most Common Mistakes By FSBO Home Sellers in Disclosures
The main object of disclosures in any area is to give clarity and perspective to a buyer. Buyers who are looking for a home usually have certain criteria in mind before searching for a home. A seller disclosure acts as a bridge to close these doubts, giving buyers a reason to have faith in you and your deal.
- One of the biggest mistakes you can make is not giving disclosures at all. It can demotivate a buyer from considering your property altogether. With so many West Virginia homes for sale, they may decide to explore other options or demand reimbursements.
- Likewise, sellers also get an option to mark a point as ‘unknown’ in disclosures. This gives you ample opportunity to be honest in your disclosures. Also, marking a certain disclosure clause as ‘unknown’ shifts the burden on a buyer to inspect that particular problem. Hence, don’t make the mistake of lying on your disclosures, as that would count as fraudulent misrepresentation and attract a lawsuit.
- Most state laws prescribe that the disclosures should be provided before closing. As an FSBO seller, it is your duty to provide disclosures as soon as possible, since you do not have a real estate agent to do these things for you.
- ✍️ Pro Tip: Sellers who are selling their house the FSBO way are advised to keep their Disclosure Statement ready before listing on the MLS. It increases your credibility and reliability from a buyer’s perspective, as they get an idea of the property’s condition early on.
» Also Read: Best Real Estate Websites in West Virginia– Find out the best real estate websites in West Virginia.
Tips to Minimize Issues in West Virginia Disclosure Documents
| Review And Verify | There’s a time allowance (some permit 10 days) to review and verify everything about your Purchase and Sales Agreement—also the square footage, home usage, and marketing. |
| Ask Questions | Ask questions when in doubt. This would help you in avoiding future troubles. |
| Hire A Professional Inspector | A professional inspector can help you gather backup information about the property’s condition. You can also opt for a pre-inspection before listing. » More: West Virginia Home Inspections – Read everything you need to know about home inspection in West Virginia. |
| Review the Disclosure Carefully | You can compare your forms with the ones offered by top For Sale By Owner site to make sure you didn’t forget anything important. |
| Get A Licensed Agent Involved | The best way to avoid disclosure issues is to get a licensed real estate agent. Agents can help you manage and assist you in the process along the way. |
Also Read: Average Cost of Home Inspection in West Virginia– Read to know the average cost of home inspection in West Virginia.
- ✍️ Pro Tip: List Your Property With Houzeo
One of the best ways to minimize problems in your seller’s disclosure is to Purchase the “Contract to Close Upgrade Package”. A Licensed broker will review your paperwork to make sure it is appropriate. In addition, you should also have the settlement agent review the paperwork so you cover all bases.
» More: Start your FREE listing NOW!
Final Word: Complexity of Seller’s Disclosure in West Virginia
| Level of Complexity | Average |
| Is West Virginia a Caveat Emptor State? | Yes |
| Is West Virginia a Non-Disclosure State? | No |
Disclosure laws in West Virginia follow the rule of ‘caveat emptor,’ i.e. let the buyer beware. Thus, it is a buyer’s duty in West Virginia to act with due diligence while buying a home, as the seller is not made legally liable to make certain disclosure
West Virginia Seller’s Disclosures Statements are a little complicated. Selling your house FSBO is usually good, but then you would have to deal with all the disclosures on your own. This demands that you be aware of all the disclosure requirements and that any mistake can cost you dearly. Houzeo can help you with this.
Also Read: Companies that buy houses for cash in West Virginia– Find out the 9 Best Companies that Buy Houses for Cash in West Virginia.
- ✍️ Editor’s Note: Though selling your home yourself on a For Sale By Owner website can save you thousands in commission, we highly recommend you add a Flat Fee MLS listing to your marketing strategy. Check out the best West Virginia MLS Listing.
» More: Flat Fee West Virginia
By listing your property with Houzeo, you get access to all forms in electronic format. And that too, for FREE! Houzeo has segregated all the disclosures state-wise so that you don’t have to hunt for West Virginia seller disclosures separately.
Check out some of the Houzeo Offers and how it has helped customers around the US.
*Seller disclosures are primarily the responsibility of a home seller. Regardless of the service, you engage in, you are required to ensure seller disclosures provided by you are complete and accurate to your best knowledge. Houzeo is not a brokerage or a licensed agent. It is a tech platform, and the tips presented here should not be construed as advice for which a real estate or attorney license is required.
Frequently Asked Questions
Are seller's disclosures required in West Virginia?
No, West Virginia law does not mandate sellers to make disclosures to the prospective buyer.
Do sellers have to disclose if the house was a site of death or suicide ?
No, sellers are not required by law to make disclosures pertaining to the occurrence of prior death or suicide in the house.
What happens if the real estate agents misrepresents while making disclosures?
The agent can be held liable and his/her license may also be revoked.
