If I want to sell my home that is more than 50 years old do I need to disclose the fact that it could be determined eligible for designation as an historic resource?
Property owners should consult their own real estate and legal experts in connection with this question. That said it is conceivable that new property owners who bought a home with the intention of pursuing demolition or major reconstruction, and who later learn that the home is deemed eligible for designation as an historical property may feel compelled to pursue action against the previous owner for failure to disclose this information.
Related Questions
- If I want to sell my home that is more than 50 years old do I need to disclose the fact that it could be determined eligible for designation as an historic resource?
- What happens when I decide to sell my lot or home, as concerns the fact that it is lease property?
- How are my improvements valued when I sell my New Build HomeBuy home?
