HomeLight

MAY 28, 2021

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. Many new construction homes come with a home warranty from the builder.

Inspection contingency 81

Inspection contingency Inspection Seller disclosure Due diligence 81

HomeLight

OCTOBER 17, 2022

The document used for a traditional home sale is the F301 Georgia Seller’s Property Disclosure Statement. Here’s a summary of specific things the disclosure statement addresses: General: Year the home was built, and if it’s vacant, occupied, or leased. Lead-based paint: If constructed or manufactured prior to 1978.

Purchase and sale agreement 94

Purchase and sale agreement Due diligence Earnest money deposit Inspection 94

HomeLight

DECEMBER 30, 2021

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.

Purchase and sale agreement 86

Purchase and sale agreement Title Closing costs Seller disclosure 86