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

HomeLight

The seller likely isn’t going to make any repairs or offer credits for any issues you find, so you need to be comfortable with the work involved in this particular home. These components are often due for an upgrade or repair, but the seller would rather pass the responsibility on to the buyer rather than deal with it themselves.

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How to Spot Serious Foundation Trouble

Hank Miller Team

But unless the buyer and agent have a working knowledge of construction and a level of experience that allows them to spot signs of trouble, the buyer may be walking off a cliff. The seller may recognize the potential problems and go only with cash buyers. Water and foundation issues are very common, some obvious and some not so much.

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

HomeLight

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. Many new construction homes come with a home warranty from the builder.

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What Legal Documents Will You Need for Buying a House? Here’s Your List

HomeLight

Seller’s disclosure. Some states require sellers to fill out a seller disclosure statement documenting known repair needs or health and safety hazards in the home. In states where seller disclosures are not required, it’s a bit of a “buyer beware” situation. Source: (Gabriel Rosenblut / Unsplash).

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What Must Be Disclosed When Selling a House in Georgia?

HomeLight

If you need assistance navigating the legalities of what to include on the Georgia seller’s disclosure form, HomeLight always encourages you to reach out to your own advisor. If you’re about to sell or buy a house in Georgia, you may be wondering what sort of information the seller is required to disclose about the property.

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Disastrous Disclosures

The Residential Specialist

Agents need to know and plan for what’s required of them with regard to natural disaster disclosures. It seems like there’s just constant construction here because of disaster relief.”. Disclosure do’s and don’ts. By Matt Alderton. When you live in southeast Texas, it feels as if Mother Nature is your best friend.

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Ask Brian: Home Buyer Beware

Realty Biz

Now, the new owner is suing the real estate agent and seller for fraud by questioning if the garage was legally converted into a living space because it is not up to code. Now, the new owner is suing the real estate agent and seller for fraud by questioning if the garage was legally converted into a living space because it is not up to code.