What should Kim advise Shanda regarding disclosures before selling her house?

The correct response is for Kim to advise Shanda to disclose any relevant information before the contract is ratified. In real estate transactions, transparency is crucial for building trust between buyers and sellers. Disclosure is a legal requirement that ensures potential buyers are made aware of any issues or defects related to the property prior to finalizing the sale.

Disclosing information before ratification allows the buyer to make informed decisions about their purchase, which can help in avoiding potential legal disputes later on. It is essential for sellers to provide accurate and complete information about the property, including any known defects, past issues, or other relevant factors that may influence a buyer’s decision.

Choosing to disclose only after the sale, waiting until a buyer expresses interest, or only disclosing if asked can lead to serious legal ramifications and disputes that could affect the sale process and the relationship between both parties. Therefore, the appropriate time for disclosure is before the contract is ratified, ensuring all parties are fully informed.