Remove Construction Remove Sales Remove Seller disclosure
article thumbnail

Zillow will begin banning noncompliant listings on June 30

Housing Wire

The standards apply to listings regardless of any applicable local MLS rule, and they apply to all listings subject to an exclusive for-sale listing agreement between a broker and a seller. As such, the rule does not apply to for-sale-by-owner ( FSBO ) and rental listings or new construction inventory listed directly by a homebuilder.

MLS 336
article thumbnail

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

Insiders

Sign Up for our Newsletter

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

article thumbnail

Do You Need a Disclosure Form to Sell a House in New Jersey?

HomeLight

If you need assistance navigating the legalities of what to disclose when selling a home in New Jersey (NJ) or using seller disclosure forms, HomeLight always encourages you to reach out to your own advisor. Do sellers have to disclose anything other than lead paint hazards? Find Agent.

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

It seems like there’s just constant construction here because of disaster relief.”. It is necessary to fully disclose all information important to the sale and that may affect a buyer’s decision to purchase,” he says. It’s a lot for one region to take. Still, people continue to live in southeast Texas because of its many treasures.

article thumbnail

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. The home seller is often legally required to share any issues or problems within their knowledge. Fortunately, you’ve come to the right place.

article thumbnail

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

HomeLight

Source: (LinkedIn Sales Solutions / Unsplash). Many licensed home inspectors have backgrounds in construction, which makes for a great inspection as this gives them the knowledge of what potential issues can look like from the builder’s point of view. What are home inspectors not allowed to do?