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7 Key Things About Seller Disclosures Every Homebuyer Should Know

HomeLight

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.

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8 Essential Steps to Navigating Escrow in Home Buying

Realty Biz

During this stage, the buyer, seller, or their respective agents select an escrow agent who will oversee the process. The escrow agent acts as a neutral intermediary, holding funds and important documents until all conditions are fulfilled.

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Does a Home Seller Have to Disclose Repaired Defects?

Hank Miller Team

Real estate agents have certain obligations as well. While a listing agent might not have the same firsthand knowledge as a seller, they cannot misrepresent the home. 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.

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Flood and Disaster Disclosures: Law, Precedent and Grades for All 50 States

RIS Media

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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Home, Sour Home: How Homebuyers Can Avoid a ‘Lemon’

HomeLight

Ken Crotts , a real estate agent with over 35 years of experience in Seattle , is passionate about helping buyers avoid bad home purchases. But there are protections in place that are designed to prevent the sale of a “lemon” house equivalent. Seller disclosures. Ask your agent about your options in this case.

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6 Flat Fee MLS Companies in Wisconsin to Sell Your FSBO Home

HomeLight

Of course, a licensed real estate agent will automatically list your home on the MLS, but what if you don’t want to commit to a full-service real estate agent? The MLS is a database that real estate agents use to help both buyers and sellers make a home transaction. You have more control over your home sale.

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What Does As-Is Mean When House Hunting? And When Should Buyers Consider an As-Is Home?

HomeLight

There are a few different types of as-is designations, and what as-is really means varies by designation. Your agent will help you figure out what protections you need for the specific as-is situation of your purchase. You can also ask your agent to talk to the listing agent about the seller’s reasons for wanting to move now.

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