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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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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 101
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What is a Seller’s Disclosure? Here’s Why It’s Important

Redfin

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.

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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.

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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.

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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.

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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.

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