As you acquired, repaired and prepared your real estate for sale, you kept an accounting of what needed fixing and what could be left alone. You have options that are completely up to you but some you can’t ignore. A leaking roof or a damp seller disclosure of needed repairsbasement for example demands your attention while changing out the knobs in a kitchen are more of a cosmetic issue.

And when you list the home for sale, it’s up to you to identify and report any known problems with the property with the Sellers’ Disclosure.

The seller’s disclosure is an accounting of problems that are “known or should have known” about the property. The disclosure it typically provided at the request of a potential buyer or presented alongside the property information sheet. Sellers are required to disclose upfront anything that could affect the property’s value. And depending upon the location of the property that could mean anything from an Indian Burial ground on the property to a noisy Chihuahua next door.

Should there be an obvious or even a not-so-obvious problem with your home’s desirability or functionality, you could be held liable for the repairs and even damages after the sale has closed.

You’ll need to identify any repairs that you’ve made to the property, which will likely be included in the list of upgrades and rehab work you performed. If you’ve ever had termites, you should disclose the account, even if the termite problem was abated.

Was there a flood in the laundry room or water pipe damage that was fixed? If so, you should clearly spell out the incident and how it was remediated. And even though lenders will do their own research, if you’re in a flood plain you’re required to disclose it. Some states even have a disclosure requirement if there was a murder or major crime committed on the property.

A full and honest disclosure will help you sell the property for the right price and avoid any delays caused by non-disclosed issues. Speak with your agent and walk through your home with a pencil and paper. You may even want to hire your own home inspector to pick out any unnoticed problems that another inspector will find. There can be things that you didn’t know about and the buyer discovered, but don’t worry, just be prepared to respond and make adjustments as needed.