article thumbnail

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. Inspections. Attend the inspection. Home warranties.

article thumbnail

What is a Seller’s Disclosure? Here’s Why It’s Important

Redfin

The seller’s disclosure can only protect the seller if done accurately and honestly. If done correctly, this document will protect the seller from being held legally liable for any issues that may develop with the home in the future. The seller only needs to disclose what is required by their state.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Sell Your Home for More Money: 7 Ways to Maximize Value

HomeLight

Hyperlocal expertise: Homeowners stay in their homes for over 8 years on average and tend to develop roots in their surrounding area. Get a pre-listing inspection to avoid a surprise price reduction. You can save yourself from a surprise price hit by ordering a pre-listing inspection to identify any issues worth addressing.

article thumbnail

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

RIS Media

Connecticut requires by law that sellers disclose flood hazard and inland wetland designations along with fire and smoke damage, but does not mandate anything regarding past flooding events or damage, or whether flood insurance is required on that property. DELAWARE — GRADE: C. ” INDIANA — GRADE: C. ” In Keefhaver v.

Design 102
article thumbnail

Buying a House Online? How to Get it Done in 15 Steps

HomeLight

Leinaar doesn’t think it’s possible to buy online without an agent — sellers might think you’re a scammer or refuse to work with you. Local agents also know the housing stock in the area — including which builders built which local developments, the common issues in their homes over time, or the most desirable new areas.

article thumbnail

What’s on the Pennsylvania Home Seller’s Disclosure Form?

HomeLight

If you need assistance navigating the legalities of what to include on a PA seller disclosure form, HomeLight always encourages you to reach out to your own advisor. So, you’re getting ready to sell your Pennsylvania home, and among the many documents you’ll be signing in the process is a disclosure statement.

article thumbnail

Find Cash Home Buyers in Orlando for a Fast, Simple Sale

HomeLight

As concrete foundations settle on sandy soil, houses may develop settlement cracks and other foundation issues. You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises. The option period is negotiated between buyer and seller.

Sales 85