What are the legal requirements for selling a house?

What are the legal requirements when selling a house?

What Documents Do You Need to Sell Your House?

  • Proof of your identity. …
  • Property title deeds. …
  • Shared freehold documentation. …
  • Energy Performance Certificate. …
  • Management information pack. …
  • Fittings and contents form. …
  • Property information form. …
  • Mortgage details.

What do you need to declare when selling a house?

What must you declare when selling a property?

  1. Hidden defects (e.g. asbestos or high carbon monoxide levels)
  2. Any problems with neighbours (e.g. boundary disputes, noise arguments, and any neighbours with an Antisocial Behaviour Order (ASBO) by the police)

What should you not fix when selling a house?

Your Do-Not-Fix list

  1. Cosmetic flaws. …
  2. Minor electrical issues. …
  3. Driveway or walkway cracks. …
  4. Grandfathered-in building code issues. …
  5. Partial room upgrades. …
  6. Removable items. …
  7. Old appliances.

Can I put offer on house without selling mine?

While you’re perfectly entitled to put in an offer on a property when your own house is still up for sale, your offer will be taken more seriously if your own property is under offer. Indeed, depending on the market your offer may not be accepted at all.

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What happens if you lie when selling a house?

Depending on whether or not the seller innocently, negligently or fraudulently answered the questions inaccurately in the Property Information Form, the buyer may be entitled to claim damages from the seller. … This does not happen very often and normally, a Court will award only damages.

Do you have to declare defects when selling a house?

Caveat Emptor means that the seller is not legally required to disclose known or unknown defects in the property and it is up to the Buyer to investigate the home they intend to buy. Since 2013 however, selling a property falls under the Consumer Protection Against Unfair Trading Regulations.

What happens if you don’t disclose something when selling a house?

If a seller fails to disclose, or actively conceals, problems that affect the value of the property; they are violating the law, and may be subject to a lawsuit for recovery of damages based on claims of fraud and deceit, misrepresentation and/or breach of contract.

What adds most value to a house?

What Home Improvements Add the Most Value?

  • Kitchen Improvements. If adding value to your home is the goal, the kitchen is likely the place to start. …
  • Bathrooms Improvements. Updated bathrooms are key for adding value to your home. …
  • Lighting Improvements. …
  • Energy Efficiency Improvements. …
  • Curb Appeal Improvements.