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08-16-2009, 05:55 AM #1
Renter
- Join Date
- Aug 2009
- Posts
- 1
I omitted something on my disclosure
I need some help. I am in the process of selling my home and it's occurred to me that they buyer may not be aware of a 10K fee my township will charge me if I connect to the sewer system that was installed two years ago. I'm not required to connect, but if my septic ever fails, the fee must be paid in addition to any line costs, connections fees, etc. I had made mention of it to my realtor when the house was listed, but I don't believe it appears in the disclosure or the part of the contract regarding assessments.
I sent an email to my realtor yesterday, I want to make sure the buyer is aware. What happens when a disclosure item is forgotten and then remembered? I want to act in good faith, now I'm scared I've opened myself up to liability.
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08-18-2009, 12:41 PM #2
Fixer Upper
- Join Date
- Jun 2009
- Posts
- 40
I'm not an attorney, I'm a Realtor. So I'm giving you my personal opinion, and recommending that you contact an attorney for a more definitive answer.
If your septic system is not working properly, you are most certainly required to disclose that fact; and the knowledge that the municipality requires connection to a sewer line.
However, your message gives me the idea that your septic system is working fine. And it may continue to work fine for some number of years, particularly if it's well-maintained.
If your 30-year-rated roof is 27 years old, you need not disclose that there may be a cost to the new owner within the next three years.
So it seems to me that the issue here is not legal liability, it's ethics. If you were the buyer, you'd sure want to know about the sewer line hookup requirement. So, I would pass that information back to the buyer through your Realtor.
Because of the potential for a liability action, though, I'd recommend buying an hour of a competent real estate attorney's time.Search the Cincinnati MLS on Cincinnati's premier real estate website.
My Cincinnati real estate blog is a useful resource for home buyers, home sellers, and real estate investors.
The SEO for Realtors blog is a step-by-step guide to page 1 Google rankings!
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08-19-2009, 07:10 AM #3
Moderator
- Join Date
- Sep 2007
- Location
- Outer Banks
- Posts
- 1,281
A quick consultation with a lawyer will get you the answer you are looking for OR if this is weighing on your conscience then make sure the buyer learns about the situation.
Your Outer Banks real estate agent. Learn how to buy Outer Banks foreclosures.
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08-22-2009, 05:20 PM #4
Condominium
- Join Date
- Jun 2009
- Location
- Tucson, AZ
- Posts
- 177



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