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What to Tell
When Dealing With Defects, Full Disclosure Is Best

Homesellers in some Provinces must disclose all known defects, including everything from appliances to damage from fires, floods, or high winds. Owners sometimes hide a property's flaws because they are worried that the buyer will back out of the deal or the home will be stigmatized by a death or a murder that occurred inside. At other times, they often are unaware of defects or have lived in the residence so long that they simply do not think to mention certain flaws.

In response, the Canadian Real Estate Association urges sellers with disclosure questions to simply ask themselves, "If I were a buyer, is this something I would want to know?"

Because buyers and inspectors can miss problems if they are hidden by furniture or junk, prospective buyers should request that clutter be removed so that a second inspection can be performed. Moreover, buyers should question any potential problems listed on the Property Information Statement , ask any questions regarding items not listed, ensure that the form is the most up-to-date version, hire an inspector who is affiliated with a trade group, and accompany the inspector during the inspection. Finally, all needed repairs should be completed by licensed professionals.

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