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7 Key Things About Seller Disclosures Every Homebuyer Should Know

HomeLight

You go to investigate the root cause of the water intrusion and discover something worse than wet carpet: evidence that the seller likely knew about the issue and told you nothing (nada! This is the exact type of unfair scenario that seller disclosures are supposed to protect you from as a homebuyer. Full disclosure.

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Does a Home Seller Have to Disclose Repaired Defects?

Hank Miller Team

The seller disclosure forms do not ask and there is no requirement in Georgia for a seller to note repairs made provided the item is functioning as designed. However, full disclosure is often the best idea. Water control around homes is a common issue and a perfect example.

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8 Essential Steps to Navigating Escrow in Home Buying

Realty Biz

It is vital for both buyers and sellers to meticulously review these documents to ensure accuracy and avoid any misunderstandings or disputes. Additionally, the buyer should carefully review the seller's disclosures, which provide information about the property's history, known defects, and other relevant details.

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Flood and Disaster Disclosures: Law, Precedent and Grades for All 50 States

RIS Media

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. ” It also requires that sellers disclose water or leakage in the basement along with frozen pipes or drains. .”

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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. The short answer here is, no — there aren’t comprehensive lemon laws when it comes to real estate.

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What’s on the Texas Seller Disclosure Form — and Why Does it Matter?

HomeLight

The seller is asked to disclose if they have ever received federal assistance for flood damage. Sellers are asked in this form section to indicate if the home is a part of a designated homeowner’s association (HOA) or shares a common area with other homes (such as a pool or sporting courts). Military Usage.

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What Does As-Is Mean When House Hunting? And When Should Buyers Consider an As-Is Home?

HomeLight

There are a few different types of as-is designations, and what as-is really means varies by designation. Talk to your agent about seller disclosures in your state. Your agent will be able to tell you what a seller is legally required to disclose in your state as part of a home sale.

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