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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 Must Be Disclosed When Selling a House in Georgia?

HomeLight

it’s common for sellers to have to disclose certain details about their property to potential buyers before the transaction can take place. These legally-binding requirements are designed to enforce transparency in the dealings so as to avoid physical or financial harm to the parties involved. This is known as the due diligence period.

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

HomeLight

But there are protections in place that are designed to prevent the sale of a “lemon” house equivalent. Seller disclosures. In many states, seller disclosure forms are required to complete a real estate transaction. That’s why due diligence on the part of a homebuyer is vital.

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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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What’s on the Texas Seller Disclosure Form — and Why Does it Matter?

HomeLight

HomeLight’s free Agent Match platform can connect you with a top-performing agent in your market who can help you navigate your entire home-selling journey — from disclosures to closing. Is a seller’s disclosure form required in Texas? While not every state requires a formal disclosure form, Texas is one state that does.

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Find Cash Home Buyers in Orlando for a Fast, Simple Sale

HomeLight

Receive your offer within a week and close in as little as 10 days. Available to sellers in Orlando. The benefit of cash offers for sellers is that these deals tend to close faster and have fewer risks , ” she explains. Barrett Spray Real Estate Agent Close Barrett Spray Real Estate Agent at Keller Williams 5.0

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What Must Be Disclosed When Selling a House in New York State?

HomeLight

If you need assistance navigating the legalities of what to include on a home seller disclosure form in New York State, HomeLight always encourages you to reach out to your own advisor. Find Agent When and how is the disclosure made? Is a seller’s disclosure required in New York State? According to N.Y.