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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. Inspections. Basic home inspections don’t cover everything , though. Home warranties.

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What Must Be Disclosed When Selling a House in Georgia?

HomeLight

Georgia home sellers are obligated to inform buyers of any known material defects in the home’s condition that would not be found by a buyer upon reasonable inspection. Once an offer on a home is accepted, the buyer is usually given a specified number of days to inspect the property. What doesn’t need to be disclosed in Georgia?

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

HomeLight

Gaining an early understanding of the legal documents for buying a house will help you avoid confusion and keep stress levels to a minimum while you’re in the midst of negotiations , inspections , and closing. In states where seller disclosures are not required, it’s a bit of a “buyer beware” situation. Closing Disclosure.

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

HomeLight

Sometimes it’s just certain components, which will generally be flagged as the as-is part of the sale. 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. Get an inspection before you make an offer.

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Ask Brian: Home Buyer Beware

Realty Biz

The sales listing had described the garage as converted into a one-bedroom, one-bath, with a large family room and private entry. 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.

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Flood and Disaster Disclosures: Law, Precedent and Grades for All 50 States

RIS Media

Boesen ruled that a real estate agent and his brokerage could not be held responsible for selling a new house with a defective, regularly leaking foundation because the buyers could not prove he “knew or should have known any information about the construction of the home.” ” ARKANSAS — GRADE: F. ” In Jehly v.

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Studying for Your Inspection: What Are Home Inspectors Not Allowed to Do?

HomeLight

If you are about to get a home inspection, you’re on the home stretch of buying your new home. When it comes to your home inspection, you probably have a lot of questions. After consulting with experts, we compiled a list of things to expect from your inspection, including what home inspectors are and aren’t allowed to do.