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?

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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.

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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.

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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.

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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.”

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HomeLight

NOVEMBER 15, 2024

Get the seller’s disclosures: Your agent can assist you in obtaining any required seller disclosure forms or statements. Talk to your lender: Discuss your situation with a lender to gauge your chances of securing a mortgage by the time the rental period ends. Knowing your options in advance can save a lot of headaches.

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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.

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HomeLight

NOVEMBER 30, 2024

Legal liabilities can arise if you fail to comply with Rhode Island’s seller disclosure laws. For example, while FSBO sellers might initially save on agent fees, research shows they often leave significant money on the table. In Rhode Island, sellers are required to hire an attorney to close a home sale.

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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.

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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.

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HomeLight

OCTOBER 9, 2024

However, ask your agent about local seller disclosure requirements before ordering a pre-listing inspection. Sharing the inspection report shows transparency, which can foster trust and may even reduce buyer requests for further inspections.

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Purchase and sale agreement Inspection Marketing Seller disclosure 105

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.

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HomeLight

OCTOBER 12, 2022

If you need assistance navigating the legalities of what to include on a home seller disclosure form in Utah, HomeLight always encourages you to reach out to your own advisor. We’ve consulted with a top real estate agent and researched items that must be disclosed to help make sense out of the seller disclosure form in Utah.

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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?

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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.

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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.

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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.

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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?

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RIS Media

MAY 10, 2022

With the launch of Breeze, SkySlope gives agents the ability to prepare and send seller disclosures to their clients at lightning speed, from anywhere. The post SkySlope Launches Breeze to Make Sellers’ Disclosures Fast and Effortless appeared first on RISMedia. For more information, visit [link].

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Purchase and sale agreement Earnest money deposit Title search Pre-approval 77

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.

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Agents Seller disclosure MLS Inspection 83

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.

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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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Purchase and sale agreement Title Closing costs Seller disclosure 98

The Residential Specialist

OCTOBER 24, 2022

Check the seller disclosure and inspection reports very closely. “Hydrangeas and certain lilies can be toxic and even fatal to both humans and animals,” Kulpreecha says. Lead paint and asbestos. Asbestos is as harmful to fur babies as it is to humans,” she says.

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HomeLight

OCTOBER 17, 2022

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.

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Purchase and sale agreement Seller disclosure Inspection Agents 110

HomeLight

NOVEMBER 12, 2020

Alabama: “Caveat Emptor” Rule, unless the seller or real estate agent knows about something that would impact the “Health or Safety” of the buyer. Alaska: Residential Real Property Transfer Disclosure Statement. Arizona: Residential Seller Disclosure Statement.

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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.

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HomeLight

JANUARY 5, 2022

Though not every state requires seller disclosures. On the federal level, sellers aren’t legally required to disclose asbestos , but that doesn’t mean the state or local municipality won’t require a disclosure. Do you have to disclose asbestos when selling a house?

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Seller disclosure Inspection Agents As-is 109

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.

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