Most homeowners assume that once they’ve sold off their home in Oklahoma City, then they have nothing to do with that house anymore. They think that whenever an issue arises, it has become a concern of the new homeowner.
This may seem like the ideal way for the situation to play out, however, that’s not how it is in reality. As a homeowner, you’re liable for your home even after you’ve sold it at least for a given period.
So, how long are you liable after selling your house, and what can you do to ensure that no problem arises after you’ve closed the sale of your home, continue reading to learn more.
How Long Are You Liable After Selling A House?
After selling your house, you’re still legally responsible for some problems that may arise later in the future (for at least the next six years). Now, don’t get it twisted, you’re not liable for just anything but for anything that was misinterpreted by the buyer.
If the buyer complains about a problem that he wasn’t informed about, you are liable to take responsibility for such a problem under the Misinterpretation Act of 1967.
How long can you be liable? So long as the buyer notices any problem with the house within the first six years, then you’re liable for such problems.
How Can You Reduce Liability?
The best way to reduce liability after you’ve sold your home is to share as much information as possible with the buyer before you close the sale of your house. You have the option of giving your buyer little details about the house, but it’ll be in your best interest to share everything you know about your home. You can do this through the TA6 Seller’s Property Information Form; this serves as evidence in case the buyer tries to take you to court for misinterpretation.
Ensure you share all the information you have regarding any problems in your home such as structural issues, dampness, or even disagreement with neighbors. If you’re not able to do this, you’re at risk of paying a high cost in compensation when the buyer finds out about this problem down the line.
The Best Way To Sell Your House
Are you concerned about how to sell your home especially when your home has issues? You can easily sell your home to a cash house buyer in Oklahoma City.
At Best Offer OKC, we work with our customers to help them sell their houses fast. If you’re looking to sell my house fast Oklahoma City, we at Best Offer OKC are your best choice. As cash house buyers, we have little or no concern with problems like noisy neighbors or dampness. Instead, we’re willing to offer a fair cash price for your house. We buy houses OKC in any condition and you don’t have to bother about making renovations or repairs.
At Best Offer OKC, We buy houses Oklahoma City and we promise to get your house off the market in record time.
Contact us today to learn more about our services.