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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 353
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RealReports enhances property document analysis with new multimodal AI feature

Housing Wire

The new feature harnesses the capabilities of multimodal artificial intelligence to instantly analyze and summarize complex property documents, including inspection reports, appraisals and seller disclosures. It pulls information from more than 30 data providers.

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Buying a House with Unpermitted Additions: What You Need to Know

Redfin

Accessory dwelling units (ADUs): Guest houses or in-law suites constructed in violation of zoning or permit laws. Unpermitted additions can also trigger seller disclosure concerns. Without permits and home inspections , there is no guarantee that the construction meets local building codes or safety standards.

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

HomeLight

Seller disclosures. In many states, seller disclosure forms are required to complete a real estate transaction. Each state has different requirements , but basically the seller is required to tell the buyer of any known problems with the house. Many new construction homes come with a home warranty from the builder.

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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.

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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. For that reason, sellers have the option of responding to the questions by marking yes, no, or unknown.

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Disastrous Disclosures

The Residential Specialist

It seems like there’s just constant construction here because of disaster relief.”. In California, for example, all sales must include a Natural Hazard Disclosure Report that lets buyers know if a property is located in an area that’s prone to flooding, earthquakes or wildfires, among other things. It’s a lot for one region to take.