Seller’s Legal Obligations
When selling a house, sellers are legally obliged to comply with certain rules and regulations to ensure a smooth and legally secure sales process. These legal obligations ensure that potential buyers are provided with correct and complete information about the property in order to make informed decisions.
One of the basic legal obligations of the seller is to inform the potential buyer provide accurate and complete information about the condition of the property. This includes disclosing defects, damage or other relevant information that could affect the value or use of the property. This Disclosure is usually done by providing an exposéwhich contains detailed information about the property, or by answering questions from the potential buyer.
In addition, the seller is obliged to comply with applicable laws and regulations related to the sale of the house. This includes, for example, compliance with building regulations, such as the proper approval of construction or renovation measures. The seller should ensure that all necessary documents, such as building permits or energy performance certificates, are in place and made available to the potential buyer.
It is also the responsibility of the seller to properly prepare the sales contract. The purchase contract should contain all relevant information, such as the purchase price, the agreed payment terms, the handover date and any conditions or clauses. It is advisable to consult a lawyer or notary public to ensure that the purchase agreement meets the legal requirements and adequately protects the interests of both parties.
Tip: In addition to the above obligations, there may be other legal requirements depending on local legislation and individual circumstances. It is therefore advisable to consult a subject matter expert such as a real estate lawyer or an experienced real estate agent to ensure that all legal obligations are met.