article thumbnail

6 Tips for Taking the Flood Insurance Risk Out of Home Closings

RIS Media

and are approved under federal law as proof of insurance to banks and lenders at closing. Disclosure: Some states require a seller disclosure that includes information about past flood damage; however, many do not. Private flood insurers often offer better coverages, better pricing and better terms.

Closing 105
article thumbnail

Selling a House in Alabama: Expert Tips for a Faster Sale

HomeLight

Now, its closer to 61 days, according to data from the Federal Reserve Bank of St. What does that mean for sellers? Unlike many other states, Alabama does not require sellers to provide a formal disclosure form listing all known defects or issues with the property.

Sales 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

6 Tips for Taking the Flood Insurance Risk Out of Home Closings

RIS Media

and are approved under federal law as proof of insurance to banks and lenders at closing. Disclosure: Some states require a seller disclosure that includes information about past flood damage; however, many do not. Private flood insurers often offer better coverages, better pricing and better terms.

Closing 85
article thumbnail

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

HomeLight

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.

article thumbnail

Disastrous Disclosures

The Residential Specialist

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.

article thumbnail

Selling a House ‘As Is’ in Washington State

HomeLight

Disclosures. Seller Disclosure Statement. The seller “was skipping all the way to the bank,” Graham says. A good time to fill out Washington’s Seller Disclosure Statement (colloquially called Form 17 ) is prior to listing your home or requesting an offer so that you know it’s taken care of.

As-is 95
article thumbnail

Big-City Convenience with Small-Town Charm: How to Buy a House in Arlington

HomeLight

on the southwestern bank of the Potomac River. If you want to buy a house in Arlington, you’ll have to factor in a higher cost of living and housing prices in this seller’s market, where the average listing sells in several days. Minimal seller disclosures.