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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
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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. 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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What Must Be Disclosed When Selling a House in Georgia?

HomeLight

While not necessary, filling out a disclosure statement is the safest way to ensure you’re meeting Georgia’s disclosure requirements when selling a home. The document used for a traditional home sale is the F301 Georgia Seller’s Property Disclosure Statement. How Much Is Your Georgia Home Worth Now?