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You are here: Home / Archives for disclosure

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Camp Bullis Awareness Zone

December 29, 2015 by khproperties Leave a Comment

Camp Bullis

The military presence plays a huge part in San Antonio’s continued economic and population growth, but with it comes the difficulties of encroaching residential space near the bases, including Camp Bullis. Active since 1917, Camp Bullis is a military training facility and despite its massive size in the north-central/western area of San Antonio, few don’t notice it until they hear the sound of gunfire or notice the increased presence of military vehicles or aircraft when training exercises are taking place (our office is located near Camp Bullis and we often hear the sounds of machine guns off in the distance during the day). If you’re not expected it, it can come as quite a surprise.

Buying or Selling a Home Near Camp Bullis?

In real estate, we always talk about disclosure and with an active military base in your backyard, things are no different. Although not required as a disclosure, the city of San Antonio provides a voluntary disclosure for use by those selling homes in the area of Camp Bullis (aka the Awareness Zone). The Camp Bullis Awareness Zone Voluntary Real Estate Disclosure Statement (PDF file) is a brief document that explains some of what a potential buyer can expect from living close to an active military base like Camp Bullis. While not required by law, owners wanting to sell their homes in the area might want to include the Camp Bullis Awareness Zone Voluntary Real Estate Disclosure Statement along with their Seller’s Disclosure. Will it discourage some potential buyers? Possibly. In cases like this, it is always best to disclose your knowledge fully though, as a buyer could buy your home and feel that they were mislead about living near an active military base and what that means to them as homeowners. When people feel they’ve been mislead, it usually ends up in the legal system and that’s something that no one wants when buying or selling a home.

image courtesy of U.S. Army Environmental Command

Filed Under: Sell Your Home Tagged With: disclosure, selling your home, camp bullis

Disclosing Items in an Inspection Report

October 10, 2013 by khproperties Leave a Comment

Inspection Report

What if the inspection report reveals something bad?

When a buyer puts an offer in on your home, they typically ask for an option period in which to perform a home inspection. When complete, the inspector will hand the buyer an inspection report detailing all of the major systems of the home and what condition they are in. Sometimes, this results in the buyer backing out of the deal based on things they have read in the report. Obviously they found some things they didn’t like in the inspection report – what if those things are items that the you as the seller know nothing about?

As a seller in Texas, you must disclose all known issues with your home via the Seller’s Disclosure Notice. What happens if the buyer that backed out of the deal has their agent forward you (or your real estate agent) a copy of the inspection report? Do you have to disclose items found inside? Do you have to disclose them if you refuse to read the report?

Regardless of whether you read the report or not, because that inspection report has been sent to you (or your agent), you are now responsible for disclosing any material defects within the report. That’s right – even if you don’t read the report! As always, your best advice is to disclose everything. Take note as well, it doesn’t matter if you or your agent received the inspection report (delivery to your agent is considered delivery to you in the state of Texas). All new buyers should be given a copy of your Seller’s Disclosure Notice and the inspection report that was provided by the former buyer. You should also re-do your Seller’s Disclosure Notice as Sections 4 and 7 are now affected by your receipt of an inspection report.

As with most legal matters, ignorance is no excuse, so be sure to always disclose known material defects, no matter how you learned of them.

Filed Under: Sell Your Home Tagged With: disclosure, home inspections

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