HomeLight
OCTOBER 30, 2020
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.
Hank Miller Team
DECEMBER 1, 2021
There are more buyers waiving due diligence and purchasing homes "as is" than ever before. Don't rely on seller disclosures and if inspections are waived, buyers likely have little recourse as a lawsuit can be very hard to win in a "buyer beware" state like Georgia.
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Redfin
MARCH 14, 2022
As a buyer, it’s important to carefully review the seller’s disclosure packets with a real estate agent and during the home inspection. . What are the standard real estate disclosures? Each state has different requirements for seller disclosures – it’s best to check with your state’s guidelines.
Realty Biz
AUGUST 24, 2020
As a general rule, the obligation is on the buyer to do their due diligence before closing on the purchase of a property. The first thing you want to do is fully understand the seller disclosure laws that apply to any house that you are looking at. You don’t want to skimp on the inspection.
HomeLight
OCTOBER 17, 2022
Meaning, buyers are charged with performing due diligence during real estate transactions to ensure they’re buying a product they’re satisfied with. Home sellers in the state only need to disclose defects in the property that cannot be readily discovered by reasonable investigation. This is known as the due diligence period.
HomeLight
MAY 28, 2021
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. That’s why due diligence on the part of a homebuyer is vital.
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.
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