A dilemma!

[Melady88]

What is the name of your state? PA We currently have a home For Sale By Owner, and according to the stat sheet we were given 8 years when we purchased the home, it was built in the 1950s. Well it was about a year ago, while talking to neighbors, we found out that the house had been moved a few hundred feet from its' foundation and this perked our personal interest into this house (because we had a hunch that it was older than the 50s). Lo and behold our hunch was right and after an extensive search in the local historical home and land deeds, we found that the house was actually built in 1891! So our question is, do we play the historic card on this house or just go by the stat sheet. (our feeling is that all that is original to the 1891 structure is the outside frame of the house..all interior plaster appears to be replaced) Wondering what consequences either way. Thanks for your insight!

[Charles11]

Originally Posted by Melady88

What is the name of your state? PA We currently have a home For Sale By Owner, and according to the stat sheet we were given 8 years when we purchased the home, it was built in the 1950s. Well it was about a year ago, while talking to neighbors, we found out that the house had been moved a few hundred feet from its' foundation and this perked our personal interest into this house (because we had a hunch that it was older than the 50s). Lo and behold our hunch was right and after an extensive search in the local historical home and land deeds, we found that the house was actually built in 1891! So our question is, do we play the historic card on this house or just go by the stat sheet. (our feeling is that all that is original to the 1891 structure is the outside frame of the house..all interior plaster appears to be replaced) Wondering what consequences either way. Thanks for your insight!

It was probably substantially improved in the 50's when moved (if that was in fact when it was moved). I think the historical aspect with needed subsequent update is apealing.
The old foundation etc. could have needed substantial repair.

The key here is DISCLOSE DISCLOSE DISCLOSE. I assume you are meeting whatever duty you have in providing a disclosure form to prospective buyers even though the house is not "listed". Just write into the form what you have found out (built in 1891 and moved around 19XX with updating to......). You could also add this info into the sheets you hand out and could even get copies of the old documents (photos?) as a matter of interest and leave them out for buyers to look at.

Once you have made your disclosures the buyer can inspect to their heart's content with full knowledge.

By the way, so we don't see you back here later with problems:
Unless you are experienced with real estate contracts you should have them reviewed by someone who is.

Chas