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.

Seller disclosure 71

Seller disclosure Natural hazards disclosure Inspection Due diligence 71

Housing Wire

MAY 16, 2024

The new feature harnesses the capabilities of multimodal artificial intelligence to instantly analyze and summarize complex property documents, including inspection reports, appraisals and seller disclosures.

Seller disclosure 424

Seller disclosure Brokerage Inspection Technology 424

Housing Wire

NOVEMBER 2, 2022

Many states do have sellers disclosure laws. The company works with servicers to help them focus on borrowers with the greatest need first. . One that I believe can drive us to greater resilience is through early effective and repeated communication of flood risk,” Gibson said.

Industrial 396

Industrial Seller disclosure Mortgages Principal 396

RIS Media

AUGUST 23, 2023

In the world of real estate, the seller’s disclosure is a linchpin of transparency intended to guide informed decision-making for potential buyers. This pivotal document is also referred to as the “sellers disclosure,” “sellers disclosures,” or “sellers disclosure form.”

Seller disclosure 94

Seller disclosure As-is Sales Industrial 94

HomeLight

JANUARY 22, 2024

Fast facts about selling a house ‘as is’ in Michigan Median sales price in Michigan $291,186 Average days on market (DOM) for Michigan 42 Days Disclosures Michigan law requires sellers to disclose material facts about the property through the Seller Disclosure Act (Act 92 of 1993). yes, according to Jeff Todd.

As-is 87

As-is Seller disclosure Closing costs Investor 87

Hank Miller Team

SEPTEMBER 14, 2022

Well what's old is new; let's get ready for the return of verbal (mostly) combat regarding seller's disclosures. Can the seller change the disclosure after contract? "it depends" Issues with the seller's disclosure tend to be the most common thing buyers and sellers lock horns over.

Seller disclosure 52

Seller disclosure As-is Agents 52

Windemere Selling

OCTOBER 25, 2023

Though this case had a ripple effect in the housing industry, you should still check with your agent regarding the seller disclosure laws in your local market. Although the laws around haunted disclosures are a bit murky, if a buyer asks about the history of the home, you as the seller have a duty to be honest.

Seller disclosure 83

Seller disclosure As-is Industrial Closing 83

Windemere Buying

OCTOBER 31, 2022

Ask to See the Seller Disclosure Form. This case set the standard for future seller disclosures. In this instance, they found that the history of the home and the seller’s experiences in it would have influenced the marketability. So, how do you make sure you’re fully informed about a home’s history?

Seller disclosure 52

Seller disclosure Sales Agents As-is 52

Hank Miller Team

JULY 2, 2023

Real estate laws vary by state but there is the expectation of full disclosure of all material facts about a property. Seller disclosures are completed and assumed to be truthful but that’s not always the case. Misrepresentation of a property can result in lawsuits and fines.

Seller disclosure 52

Seller disclosure Inspection Agents Technology 52

Hank Miller Team

AUGUST 16, 2023

Same questions can surround seller's disclosures; can you prove a seller lied? The property owner did not take reasonable steps to address the hazard or provide adequate warning. The hazardous condition was a significant factor in causing the slip and fall and resulting injuries. What can be proven in court?

Seller disclosure 52

Seller disclosure As-is Agents 52

RIS Media

OCTOBER 5, 2020

One way this happens is through selling disclosures that must be presented to the buyer before the transaction closes. The age of HVAC systems is one component that appears on these seller disclosures, meaning that potential buyers will be fully aware of the age of your HVAC system.

Seller disclosure 98

Seller disclosure As-is Closing Sales 98

Hank Miller Team

DECEMBER 1, 2021

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. Water and foundation issues are very common, some obvious and some not so much.

Inspection contingency 52

Inspection contingency Due diligence Seller disclosure Inspection 52

Realty Biz

JULY 25, 2023

Seller's disclosure contingency: This contingency allows the buyer to back out of the sale if the seller fails to disclose any known defects with the property. Financing contingency: This contingency allows the buyer to back out of the sale if they are unable to get financing.

Sales 86

Sales Inspection Inspection contingency Backup offer 86

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.

Purchase and sale agreement 68

Purchase and sale agreement Due diligence Seller disclosure Inspection 68

Hank Miller Team

APRIL 12, 2023

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.

Seller disclosure 40

Seller disclosure Inspection Land Design 40

Realty Biz

JANUARY 10, 2024

Finally, you should prepare a seller's disclosure statement outlining any known defects or issues with the property. Do I Need a Realtor to Sell My House as a First-Time Seller? All of these items can be part of a comprehensive house closing checklist.

Purchase and sale agreement 103

Purchase and sale agreement Seller disclosure Staging Title search 103

HomeLight

OCTOBER 17, 2022

If you need assistance navigating the legalities of what to disclose when selling a home in Texas or using a seller’s disclosure form in Texas, HomeLight always encourages you to reach out to your own advisor. DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes only, not legal advice.

Seller disclosure 95

Seller disclosure Homeowner’s association Due diligence Agents 95

RIS Media

DECEMBER 6, 2020

Disclosure: Some states require a seller disclosure that includes information about past flood damage; however, many do not. Flood Factor, realtor.com®, ®, the FEMA website— [link] —and many private flood insurer sites such as Neptune’s, will provide an instant determination of the flood zone of the property.

Closing 99

Closing Seller disclosure Agents Lending 99

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.

Inspection 81

Inspection Inspection contingency Seller disclosure Due diligence 81

Redfin

MAY 5, 2023

Seller disclosures are required In Texas, seller disclosures are required when buying a house. This means that the seller must legally disclose any known defects or issues with the property to the buyer before the sale is finalized.

Purchase and sale agreement 65

Purchase and sale agreement Pre-approval Seller disclosure Earnest money deposit 65

Realty Biz

JULY 1, 2023

Additionally, the buyer should carefully review the seller's disclosures, which provide information about the property's history, known defects, and other relevant details. During this stage, the buyer needs to conduct thorough inspections, including professional assessments of the home's structure, systems, and potential issues.

Purchase and sale agreement 76

Purchase and sale agreement Earnest money deposit Title search Pre-approval 76

Realty Biz

JULY 11, 2022

Review seller disclosures. You might not know what to ask for or what sellers in your state are required to disclose or not disclose. Some of it includes title reports, the appraisal, and estimated closing costs.

Agents 83

Agents Inspection Seller disclosure Closing costs 83

BubbleInfo

OCTOBER 22, 2023

This topic came up in my 45 hours of continuing education, and Donna agreed that rarely do listing agents comment on their seller’s disclosures – do they even read them?

Seller disclosure 52

Seller disclosure Agents 52

RIS Media

DECEMBER 14, 2020

Disclosure: Some states require a seller disclosure that includes information about past flood damage; however, many do not. Flood Factor, realtor.com®, ®, the FEMA website— [link] —and many private flood insurer sites, will provide an instant determination of the flood zone of the property.

Closing 64

Closing Seller disclosure Lending Staging 64

Realty Biz

OCTOBER 28, 2022

Sellers must provide accurate information on the seller's disclosure. You will probably have a lot of questions for your agent throughout the process, but the realtor must also fully understand where you are coming from. This way, they'll know exactly what you're looking for and can help you provide the right data.

Agents 84

Agents Seller disclosure MLS Inspection 84

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.

Purchase and sale agreement 89

Purchase and sale agreement Title Closing costs Seller disclosure 89

Kyle Handy

MAY 10, 2023

Also, I believe it feels more substantial to a seller versus e-signatures. I’ll also have the seller fill out the seller disclosure while I’m at their home taking measurements and gathering other information I’ll need to complete the MLS listing.

Pre-approval 98

Pre-approval Seller disclosure Agents As-is 98

Realty Biz

AUGUST 24, 2020

The first thing you want to do is fully understand the seller disclosure laws that apply to any house that you are looking at. Although the seller lists a house “As-Is,” they still have a legal obligation to disclose all known defects to you.

Due diligence 56

Due diligence Seller disclosure Inspection As-is 56

The Residential Specialist

FEBRUARY 26, 2021

In California, for example, all sales must include a Natural Hazard Disclosure Report that lets buyers know if a property is located in an area that’s prone to flooding, earthquakes or wildfires, among other things.

Natural hazards disclosure 93

Natural hazards disclosure Seller disclosure Construction As-is 93

Redfin

AUGUST 3, 2021

It also reassures the seller that you can back up your offer, which is especially important when buying a house without a realtor as it confirms that you’re a serious and qualified buyer. Review the seller disclosure .

Agents 72

Agents Pre-approval Inspection Due diligence 72

HomeLight

OCTOBER 17, 2022

F307 Georgia Seller’s Property Disclosure Statement – Lot/Land. F310 Georgia Seller’s Property Disclosure Statement – New Construction. F313 New Construction Seller Disclosures Exhibit (used in addition to F310). How Much Is Your Georgia Home Worth Now?

Purchase and sale agreement 95

Purchase and sale agreement Due diligence Earnest money deposit Inspection 95

HomeLight

DECEMBER 29, 2020

Seller disclosures as required by your state or local MLS, which may include: Knowledge of structural or material defects. When it’s time to assemble your listing information packet, start with the basics: Home specs. Square footage. Bedrooms and bathrooms. Special features (deck, garage, basement, renovations, etc.). Asking price.

Sales 96

Sales Seller disclosure Agents Renovation 96

Inman

OCTOBER 20, 2023

Dallas real estate agents Heather Guild and Elena Richey bonded with their non-agent friend, Melanie Stout, over a shared interest in true crime and real estate, which is how the "Crime Estate" podcast was born.

Agents 165

Agents Seller disclosure 165

HomeLight

AUGUST 16, 2021

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. As-is does not mean the seller can withhold what they know about the house’s problems.

As-is 117

As-is Title Inspection Inspection contingency 117

HomeLight

OCTOBER 31, 2022

In a nutshell, Niakan says, the disclosure form is a handy way to get honest about what you do know — and not worry about what you don’t. Let’s jump into what you need to know about Florida’s seller disclosure form — and what it means for sellers, and buyers, in the Sunshine State. The truth will set you free,” he says.

Seller disclosure 87

Seller disclosure Agents Closing As-is 87

HomeLight

JULY 31, 2021

But if we’re dealing with HOA disclosures and loan payoffs, it could take a few weeks.”. Disclosures and taxes for Phoenix cash transactions. The form is separated into six sections: Property and ownership.

Investor 90

Investor Seller disclosure Sales Closing 90

RIS Media

SEPTEMBER 20, 2021

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. NEW HAMPSHIRE — GRADE: F. ” Snierson v.

Design 105

Design Purchase and sale agreement Agents Inspection 105