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. That implies the seller, agent, and buyer don’t agree on the facts. MORE

A99 An area protected upon completion of an under-construction federal flood protection system like a dam or levee. However, there are some things to consider that make the process a little different than buying a house in a low-risk flood zone, including: Flood disclosure requirements. MORE

With that said, asbestos is highly regulated and OSHA has outlined specific standards of use in general industry, construction, and maritime applications. Though not every state requires seller disclosures. Seller options are: repair it, remove it, do nothing, or sell for cash. MORE

But unless the buyer and agent have a working knowledge of construction and a level of experience that allows them to spot signs of trouble, the buyer may be walking off a cliff. The seller may recognize the potential problems and go only with cash buyers. MORE

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. The non-working system will instead be included in the seller’s disclosure. MORE

Agents need to know and plan for what’s required of them with regard to natural disaster disclosures. It seems like there’s just constant construction here because of disaster relief.”. Disclosure do’s and don’ts. MORE

As more and more climate change-fueled extreme weather events—from historic hurricanes to unexpected summer downpours—affect homes, one issue anyone selling or buying a home needs to be aware of is disclosure. Georgia has no codified or statutory mandatory disclosures for flooding. MORE

The construction quality isn’t always as good these days as maybe in the olden days,” he explains. “I’d Miami is known for hurricanes, and Sidorevskaya recommends that buyers should always have a seller disclosure to state if they’ve experienced flooding or mold. MORE

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. MORE

Seller’s disclosure. Different states have different disclosure requirements. Some states require sellers to fill out a seller disclosure statement documenting known repair needs or health and safety hazards in the home. Closing Disclosure. MORE

The seller likely isn’t going to make any repairs or offer credits for any issues you find, so you need to be comfortable with the work involved in this particular home. You can also ask your agent to talk to the listing agent about the seller’s reasons for wanting to move now. MORE