MUST HOME SELLER DISCLOSE REPAIRED DAMAGE?

DEAR BOB: I own a condominium that suffered water damage about six months ago from the upstairs condo when a pipe in the wall sprang a leak. The condominium homeowner's association paid for extensive repairs to my bathroom. Do I have to disclose this to my buyer? --Derek S.

DEAR DEREK: No. Unless the damage was not completely repaired, or there is evidence of the need for additional repairs, you don't have to disclose what happened in the past. If homeowners were required to disclose all past repairs, the list for most homes would be a mile long.

All you must disclose are current defects and problems that have a material effect on the market value or desirability of your home. For more details, please consult a local real estate attorney.

(For more information on Bob Bruss publications, visit his
Real Estate Center).

Copyright 2006 Inman News