news
Non-Disclosure FAQs

undefined

After you’ve closed on your home, your friends or family may ask, “How much did you pay for it?” While it’s easy to brush off your cousin as being nosy, what do you do if a government agency asks you for that same information? Did you know that you actually aren’t required to give it out?

That’s because Texas is one of a handful of states that are considered “non-disclosure” states. This means there is no law on the books that allows the state government, including appraisal districts, to force you to provide them with sales price information.

What do you do when you get a request that looks official, asking for this information? The truth is, you don’t have to do anything. There is no penalty for declining to share sold information and you may disregard any requests to do so.

Of course, in the excitement of buying a home, you will be faced with a lot of paperwork regarding the transaction. And you’ll also receive a lot of other information in the mail for various services and offers. Sometimes one of these items may ask for the sales price of your home. But ask your REALTOR® for advice on how to handle it.

Any time you have a question about what to do when you receive a request to disclose your home’s sales price, your best bet is to turn to a local REALTOR® as your resource. A REALTOR® will be able to guide you not just in the buying process, but also afterward as a homeowner. A REALTOR® works in this market every single day, and is up to date on the latest forms, requirements and procedures you will need to know when buying or selling a home. They are your best, most professional resource, pledged to uphold a higher standard through the REALTOR® Code of Ethics. Let your REALTOR® help you throughout the transaction, as well as after, so your questions are answered and you are secure in your decisions.

Call us today! or text 210-394-1376 EXITpremierrealtyTX@gmail.com

Here are some other articles you may find useful
3 MIN READ
Is your home ready to sell?

If you’re thinking of selling your home, finding the right REALTOR® is the first step in the home-selling process. Your REALTOR® will be able to help you determine the right price, the kinds of marketing that will work well for your pro

SHOW MORE
3 MIN READ
How to Decorate your Home Exterior for Winter

How to Decorate Your Home Exterior for Winter   Once the weather begins to change and the days become shorter, it's clear that winter is right around the corner. This makes it a perfect time to think about adding some seasonal touches to your ho

SHOW MORE
3 MIN READ
When you should Offer over Asking Price on a Home

When you should Offer over Asking Price on a Home When home searching buyers typically aren’t eager to offer over asking price, but in some circumstances it may be necessary. These situations may imply that offering over asking price is essenti

SHOW MORE
3 MIN READ
Is your home ready to sell?

If you’re thinking of selling your home, finding the right REALTOR® is the first step in the home-selling process. Your REALTOR® will be able to help you determine the right price, the kinds of marketing that will work well for your pro

SHOW MORE
3 MIN READ
How to Decorate your Home Exterior for Winter

How to Decorate Your Home Exterior for Winter   Once the weather begins to change and the days become shorter, it's clear that winter is right around the corner. This makes it a perfect time to think about adding some seasonal touches to your ho

SHOW MORE