HomeLight
OCTOBER 30, 2020
You go to investigate the root cause of the water intrusion and discover something worse than wet carpet: evidence that the seller likely knew about the issue and told you nothing (nada! This is the exact type of unfair scenario that seller disclosures are supposed to protect you from as a homebuyer. Full disclosure.
Realty Biz
JULY 1, 2023
It is vital for both buyers and sellers to meticulously review these documents to ensure accuracy and avoid any misunderstandings or disputes. During this stage, the buyer needs to conduct thorough inspections, including professional assessments of the home's structure, systems, and potential issues.
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HomeLight
MAY 28, 2021
But there are protections in place that are designed to prevent the sale of a “lemon” house equivalent. Seller disclosures. In many states, seller disclosure forms are required to complete a real estate transaction. Inspections. Basic home inspections don’t cover everything , though. Home warranties.
Hank Miller Team
APRIL 12, 2023
Georgia is a buyer beware state, so does a seller have to disclose repaired defects? Home sellers in Georgia must disclose known latent or hidden defects, things that might not be discovered during a reasonable inspection of the home. However, full disclosure is often the best idea.
HomeLight
AUGUST 16, 2021
There are a few different types of as-is designations, and what as-is really means varies by designation. Get an inspection before you make an offer. While your seller might not be dishonest, they may not be fully aware of all the issues with the home. Add an inspection contingency. Check the CLUE report.
HomeLight
OCTOBER 17, 2022
it’s common for sellers to have to disclose certain details about their property to potential buyers before the transaction can take place. These legally-binding requirements are designed to enforce transparency in the dealings so as to avoid physical or financial harm to the parties involved. When transferring real estate in the U.S.,
RIS Media
SEPTEMBER 20, 2021
As more and more climate change-fueled extreme weather events—from historic hurricanes to unexpected summer downpours—affect homes, one issue anyone selling or buying a home needs to be aware of is disclosure. ” It also requires that sellers disclose water or leakage in the basement along with frozen pipes or drains. .”
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