Disclose House Trailer in Real Estate Sale
LESLIE: James in Kentucky, you’ve got The Money Pit. What can we do for you today?
JAMES: I’ve got a 1968 Buddy trailer that’s semi-stuck into the house still yet. And I’m just curious enough to call you to find out whether or not it would be worth my while to pull the rest of it out or …
TOM: James, what’s a Buddy trailer?
JAMES: It’s a 12×60 trailer; a house trailer that was built by Buddy.
TOM: (overlapping voices) OK. OK. OK.
JAMES: And my wife bought it about 20 years ago. We’ve been married 18 years and I’ve been building onto it ever since.
JAMES: I’ve taken the frame out from underneath it and the roof is still on it; the original roof. There’s an A-frame over the top of it but the original trailer roof is still in there and there’s still part of the floor there.
TOM: (overlapping voices) OK. OK.
JAMES: But for the most part, the trailer has been eliminated. And we were thinking of selling our house and I was just wondering if it would be worthwhile to take that out or is that going to be – I mean it’s going to be in the disclosure that it was once a trailer.
TOM: Mm-hmm. I think that right now you’re probably better off just disclosing what it is; unless it’s – is there anything wrong with it? I mean is it a problem in any way?
JAMES: Not for the most part. It’s all just about brand new.
TOM: Well, then I wouldn’t disturb it. I mean I would disclose it and let the next owner decide if it’s an issue or not. But I wouldn’t spend money, you know, trying to eliminate it just because maybe it wasn’t built properly. If it’s not been a problem and you say there’s a lot of new stuff in there, I’d disclose it so you’re covered and let the new owner decide what they want to do.
JAMES: OK. Well, that’s a real big help.
TOM: Alright, James.
JAMES: I really like your show. (Leslie chuckles)
TOM: OK, well thanks so much. You like our show and you like our answer, huh?
JAMES: I love it. But I thank y’all very much for taking my question and it’s been a big help, believe me. (chuckles)
TOM: (overlapping voices) You’re welcome, James. Alright, thanks so much for calling us at 888-MONEY-PIT.