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How Long Are You Liable After Selling Your House?

Property Saviour » Litigation » How Long Are You Liable After Selling Your House?

Property sales are subject to various legal obligations throughout the process. These obligations allow a buyer to seek damages if there is a genuine defect that existed at the time of contract exchange if it has a negative impact on the property value and is not merely an opinion.

Now, how long is a person potentially liable if a problem is raised by the new owner of their home? Typically, this falls under the Misrepresentation Act 1967, and the duration of liability depends on the specific circumstances.

Generally, a buyer has six years to bring a claim against the seller. However, in certain cases, the three-year period starts when the buyer becomes aware of the problem.

As time goes by after the completion date, it becomes increasingly unlikely that a buyer can prove they have just discovered a genuine issue that existed when the property’s contracts were originally exchanged.

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How Can you Reduce Liability?

Fortunately, you can reduce your liability after selling your home – provide as much information as possible. While it may be tempting to leave the details to the buyer and let them figure everything out, it is in your best interest to disclose what you know about your home.

This is especially important if you use the TA6 Seller’s Property Information Form, as this documentation becomes a point of reference if the buyer decides to take legal action against you in the future.

It is essential to be honest and transparent about any significant issues with your home, such as structural problems, damp, or disputes with neighbours. Failing to do so could result in costly compensation and severe consequences down the line.

If you are genuinely concerned about selling your home due to potential problems that must be disclosed, you can sell it for cash instead. Property Saviour are trusted cash buyers who can help you sell your home quickly, regardless of its condition.

Cash buyers are often less concerned about issues like damp or noisy neighbours. 

Disclose the issue, and sell your house to us.  Let us worry about fixing it.

How Long Are You Liable After Selling Your House?

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