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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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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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Under Contract vs. Pending Sale in Real Estate Transactions

Realty Biz

This means that it’s crucial to understand the difference between a pending sale and an under contract and what they mean for a buyer or a seller. This means that the buyer and seller have agreed on the terms of the sale. There may still be contingencies that need to be met, such as a home inspection or appraisal.

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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. Inspections. Is there a lemon law for houses?

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8 Essential Steps to Navigating Escrow in Home Buying

Realty Biz

Navigating the escrow process is a critical aspect of home buying, ensuring a secure and smooth transaction for both buyers and sellers. Step 1: Initiating the Transaction Learning about escrow and initiating the process is an important step that occurs once the buyer and seller have agreed upon the terms of the home purchase.

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How to Spot Serious Foundation Trouble

Hank Miller Team

Buyers were/are so stressed to secure a home that some toss caution to the wind; overpaying, waiving finance contingencies, inspection contingencies and more. 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.

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What is a Seller’s Disclosure? Here’s Why It’s Important

Redfin

One of these critical documents is called a seller’s disclosure. . A seller’s disclosure, also known as a property disclosure, is a document that sellers are legally required to provide buyers. Why is a seller’s disclosure important? For sellers. For buyers.