Seller Disclosure Yellow Flags

“Because of the extreme allergies of the seller’s daughter, PLEASE no food or drink in the home during showings.”

–Agent Remarks, MLS

When I showed the Golden Valley home with the disclosure above last year, my “Realtor antennae” immediately went off.

yellow_flagThat’s because I knew the Seller had been in the home a relatively short time, and had extensively remodeled the home prior to moving in (the home had been seriously neglected by a previous owner, and in need of major rehab).

I shared my concerns with my Buyer, who ultimately bought another home in a location they preferred.

(Conspicuously) Odd Showing Instructions

So, what happened to the home with the allergic child?

Someone else bought it, and — according to my sources — ultimately had to do extensive mold remediation after moving in.

No word on whether they pursued the Seller for any disclosure-related issues.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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