Selling a trailer with water damage

I sold a trailer a few months ago with similar circumstances. It had a leak in the rear (leak repaired) but there was some rot in the rear wall near one bottom corner. It was a 26' 1997 Innsbruck, and I asked $3000 for it. I did not list the water damage in the ad however, I pointed it out to everyone who came out to look at it. I ended up selling it for $2900.00. So my advice is list the general condition of the trailer in the ad but only bring up the water damage if directly asked about it. Most experienced buyers will know to ask. However if they don't ask, make sure to point it out to people when they come look at it. If the trailer is over all in good condition, then people may choose to overlook the water damage and buy it anyway (including the people that wouldn't have even come to see it if you listed the water damage in the ad) Good luck!