Explore the Essentials of Form 17 Seller Disclosure Statements
Mandrona Group
APRIL 26, 2024
Strap in as we embark on an enlightening journey into the importance of Form 17 Seller Disclosure Statements. Read More
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Mandrona Group
APRIL 26, 2024
Strap in as we embark on an enlightening journey into the importance of Form 17 Seller Disclosure Statements. Read More
Maximum Exposure Real Estate
DECEMBER 19, 2022
Did you know that real estate disclosure laws vary from state to state? What a seller has to disclose in one state might be completely different than in […]. The post Understanding Sellers Disclosure When Selling Real Estate appeared first on Maximum Real Estate Exposure.
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Maximum Exposure Real Estate
JUNE 27, 2023
Did you know that real estate disclosure laws vary from state to state? What a seller has to disclose in one state might be completely different than in another. […] The post Understanding Sellers Disclosure When Selling Real Estate appeared first on Maximum Real Estate Exposure.
RIS Media
MAY 10, 2022
With the launch of Breeze, SkySlope gives agents the ability to prepare and send seller disclosures to their clients at lightning speed, from anywhere. The post SkySlope Launches Breeze to Make Sellers’ Disclosures Fast and Effortless appeared first on RISMedia. For more information, visit [link].
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.
Hank Miller Team
MAY 9, 2023
In most cases, the best option for sellers is to remove the items they wish to take and replace them. Georgia dedicates an entire page of the seller's disclosure to fixtures and what transfers with a home. This removes the chance of any misunderstandings by the parties involved.
RIS Media
AUGUST 23, 2023
In the world of real estate, the seller’s disclosure is a linchpin of transparency intended to guide informed decision-making for potential buyers. This pivotal document is also referred to as the “sellers disclosure,” “sellers disclosures,” or “sellers disclosure form.”
Housing Wire
NOVEMBER 2, 2022
Many states do have sellers disclosure laws. The company works with servicers to help them focus on borrowers with the greatest need first. . One that I believe can drive us to greater resilience is through early effective and repeated communication of flood risk,” Gibson said.
HomeLight
JANUARY 22, 2024
Fast facts about selling a house ‘as is’ in Michigan Median sales price in Michigan $291,186 Average days on market (DOM) for Michigan 42 Days Disclosures Michigan law requires sellers to disclose material facts about the property through the Seller Disclosure Act (Act 92 of 1993). yes, according to Jeff Todd.
Hank Miller Team
SEPTEMBER 14, 2022
Well what's old is new; let's get ready for the return of verbal (mostly) combat regarding seller's disclosures. Can the seller change the disclosure after contract? "it depends" Issues with the seller's disclosure tend to be the most common thing buyers and sellers lock horns over.
Windemere Selling
OCTOBER 25, 2023
Though this case had a ripple effect in the housing industry, you should still check with your agent regarding the seller disclosure laws in your local market. Although the laws around haunted disclosures are a bit murky, if a buyer asks about the history of the home, you as the seller have a duty to be honest.
Windemere Buying
OCTOBER 31, 2022
Ask to See the Seller Disclosure Form. This case set the standard for future seller disclosures. In this instance, they found that the history of the home and the seller’s experiences in it would have influenced the marketability. So, how do you make sure you’re fully informed about a home’s history?
Hank Miller Team
JULY 2, 2023
Real estate laws vary by state but there is the expectation of full disclosure of all material facts about a property. Seller disclosures are completed and assumed to be truthful but that’s not always the case. Misrepresentation of a property can result in lawsuits and fines.
Hank Miller Team
AUGUST 16, 2023
Same questions can surround seller's disclosures; can you prove a seller lied? The property owner did not take reasonable steps to address the hazard or provide adequate warning. The hazardous condition was a significant factor in causing the slip and fall and resulting injuries. What can be proven in court?
Hank Miller Team
DECEMBER 1, 2021
Don't rely on seller disclosures and if inspections are waived, buyers likely have little recourse as a lawsuit can be very hard to win in a "buyer beware" state like Georgia. Water and foundation issues are very common, some obvious and some not so much.
RIS Media
OCTOBER 5, 2020
One way this happens is through selling disclosures that must be presented to the buyer before the transaction closes. The age of HVAC systems is one component that appears on these seller disclosures, meaning that potential buyers will be fully aware of the age of your HVAC system.
Realty Biz
JULY 25, 2023
Seller's disclosure contingency: This contingency allows the buyer to back out of the sale if the seller fails to disclose any known defects with the property. Financing contingency: This contingency allows the buyer to back out of the sale if they are unable to get financing.
Realty Biz
JANUARY 10, 2024
Finally, you should prepare a seller's disclosure statement outlining any known defects or issues with the property. Do I Need a Realtor to Sell My House as a First-Time Seller? All of these items can be part of a comprehensive house closing checklist.
Redfin
MARCH 14, 2022
As a buyer, it’s important to carefully review the seller’s disclosure packets with a real estate agent and during the home inspection. . What are the standard real estate disclosures? Each state has different requirements for seller disclosures – it’s best to check with your state’s guidelines.
Hank Miller Team
APRIL 12, 2023
The seller disclosure forms do not ask and there is no requirement in Georgia for a seller to note repairs made provided the item is functioning as designed. However, full disclosure is often the best idea.
HomeLight
OCTOBER 17, 2022
If you need assistance navigating the legalities of what to disclose when selling a home in Texas or using a seller’s disclosure form in Texas, HomeLight always encourages you to reach out to your own advisor. DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes only, not legal advice.
HomeLight
MAY 28, 2021
Seller disclosures. In many states, seller disclosure forms are required to complete a real estate transaction. Each state has different requirements , but basically the seller is required to tell the buyer of any known problems with the house.
RIS Media
DECEMBER 6, 2020
Disclosure: Some states require a seller disclosure that includes information about past flood damage; however, many do not. Flood Factor, realtor.com®, ®, the FEMA website— [link] —and many private flood insurer sites such as Neptune’s, will provide an instant determination of the flood zone of the property.
Redfin
MAY 5, 2023
Seller disclosures are required In Texas, seller disclosures are required when buying a house. This means that the seller must legally disclose any known defects or issues with the property to the buyer before the sale is finalized.
Realty Biz
JULY 1, 2023
Additionally, the buyer should carefully review the seller's disclosures, which provide information about the property's history, known defects, and other relevant details. During this stage, the buyer needs to conduct thorough inspections, including professional assessments of the home's structure, systems, and potential issues.
RIS Media
DECEMBER 14, 2020
Disclosure: Some states require a seller disclosure that includes information about past flood damage; however, many do not. Flood Factor, realtor.com®, ®, the FEMA website— [link] —and many private flood insurer sites, will provide an instant determination of the flood zone of the property.
BubbleInfo
OCTOBER 22, 2023
This topic came up in my 45 hours of continuing education, and Donna agreed that rarely do listing agents comment on their seller’s disclosures – do they even read them?
Realty Biz
JULY 11, 2022
Review seller disclosures. You might not know what to ask for or what sellers in your state are required to disclose or not disclose. Some of it includes title reports, the appraisal, and estimated closing costs.
Realty Biz
OCTOBER 28, 2022
Sellers must provide accurate information on the seller's disclosure. You will probably have a lot of questions for your agent throughout the process, but the realtor must also fully understand where you are coming from. This way, they'll know exactly what you're looking for and can help you provide the right data.
HomeLight
DECEMBER 30, 2021
Some states require sellers to fill out a seller disclosure statement documenting known repair needs or health and safety hazards in the home. This can include anything from knowledge of lead-based paint or asbestos, to the seller’s awareness of water damage in the basement, a leaky roof, or damaged plumbing.
Kyle Handy
MAY 10, 2023
Also, I believe it feels more substantial to a seller versus e-signatures. I’ll also have the seller fill out the seller disclosure while I’m at their home taking measurements and gathering other information I’ll need to complete the MLS listing.
Realty Biz
AUGUST 24, 2020
The first thing you want to do is fully understand the seller disclosure laws that apply to any house that you are looking at. Although the seller lists a house “As-Is,” they still have a legal obligation to disclose all known defects to you.
The Residential Specialist
FEBRUARY 26, 2021
In California, for example, all sales must include a Natural Hazard Disclosure Report that lets buyers know if a property is located in an area that’s prone to flooding, earthquakes or wildfires, among other things.
HomeLight
OCTOBER 17, 2022
F307 Georgia Seller’s Property Disclosure Statement – Lot/Land. F310 Georgia Seller’s Property Disclosure Statement – New Construction. F313 New Construction Seller Disclosures Exhibit (used in addition to F310). How Much Is Your Georgia Home Worth Now?
Inman
OCTOBER 20, 2023
Dallas real estate agents Heather Guild and Elena Richey bonded with their non-agent friend, Melanie Stout, over a shared interest in true crime and real estate, which is how the "Crime Estate" podcast was born.
HomeLight
DECEMBER 29, 2020
Seller disclosures as required by your state or local MLS, which may include: Knowledge of structural or material defects. When it’s time to assemble your listing information packet, start with the basics: Home specs. Square footage. Bedrooms and bathrooms. Special features (deck, garage, basement, renovations, etc.). Asking price.
Redfin
AUGUST 3, 2021
It also reassures the seller that you can back up your offer, which is especially important when buying a house without a realtor as it confirms that you’re a serious and qualified buyer. Review the seller disclosure .
HomeLight
AUGUST 16, 2021
Talk to your agent about seller disclosures in your state. Your agent will be able to tell you what a seller is legally required to disclose in your state as part of a home sale. As-is does not mean the seller can withhold what they know about the house’s problems.
HomeLight
OCTOBER 31, 2022
In a nutshell, Niakan says, the disclosure form is a handy way to get honest about what you do know — and not worry about what you don’t. Let’s jump into what you need to know about Florida’s seller disclosure form — and what it means for sellers, and buyers, in the Sunshine State. The truth will set you free,” he says.
HomeLight
JULY 31, 2021
But if we’re dealing with HOA disclosures and loan payoffs, it could take a few weeks.”. Disclosures and taxes for Phoenix cash transactions. The form is separated into six sections: Property and ownership.
RIS Media
SEPTEMBER 20, 2021
Connecticut requires by law that sellers disclose flood hazard and inland wetland designations along with fire and smoke damage, but does not mandate anything regarding past flooding events or damage, or whether flood insurance is required on that property. DELAWARE — GRADE: C. NEW HAMPSHIRE — GRADE: F. ” Snierson v.
HomeLight
OCTOBER 25, 2022
It also features phone and email support, as well as seller disclosures. Reviewers praise the company’s helpfulness and courtesy. Rate package overview: $299 Silver – This includes a three-month MLS listing with 25 photos. 599 Gold – This upgrades you to a 12-month listing with 35 photos.
HomeLight
OCTOBER 12, 2022
If you need assistance navigating the legalities of what to include on a home seller disclosure form in Utah, HomeLight always encourages you to reach out to your own advisor. We’ve consulted with a top real estate agent and researched items that must be disclosed to help make sense out of the seller disclosure form in Utah.
Redfin
AUGUST 25, 2021
Real estate disclosures and flood zones. Real estate disclosures, or a seller disclosure , is a set of documents answered by the seller of a home, listing any known issues with the property and any remodel projects completed during the time they owned the home. What to know about selling a home in a flood zone.
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