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. Research the house.
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.
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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.
The Residential Specialist
FEBRUARY 26, 2021
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.
HomeLight
AUGUST 16, 2021
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. Talk to your agent about seller disclosures in your state.
Realty Biz
AUGUST 24, 2020
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.
Redfin
AUGUST 25, 2021
A99 An area protected upon completion of an under-construction federal flood protection system like a dam or levee. This is partly because flooding is so unpredictable and can be the result of several factors, such as thawing snow, burst pipes, hurricanes, tornadoes, flash floods, construction issues, and more. .
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