Seller Disclosure
Seller Disclosure Lawsuit May Not Be Valid
Q: I inherited a nine-unit apartment complex from my father, fixed it up, and sold it about six years ago. The buyer, who is a licensed real estate broker, is now suing us and our agent, claiming we didn’t fill …
Seller Disclosure May Not be Required for Old Repairs
Home buyers and home sellers beware, seller disclosure may not be required for old repairs. Home sellers may not be required seller disclosure for old repairs on a home for sale.
Home buyers and home sellers should consult with a real estate attorney with seller disclosure experience for a qualified legal opinion of if seller disclosure requires old repairs.
Seller Disclosure Laws May Allow You to Sue for Fraud or Damages
Seller disclosure laws may allow homeowners to sue for fraud or damages of recently purchased house. Home buyers that discover fraud or damages in new home may be allowed to sue under seller disclosure laws. Homeowners should contact a real estate attorney to discover if they can sue for fraud or damages under seller disclosure laws. After purchasing a house and finding damages a homeowner can sue for fraud under seller disclosure laws.
Do Seller Disclosure Laws Require Disclose of Suicide to Buyer?
When selling a home, you may be required by law to disclose some important information about the real estate before completing the transaction. If you are unsure on whether you need to disclose a piece of information, research the subject or contact a real estate attorney.
Condo Association Fees, Dues, Lawsuits Can Strain A New Buyer
If you’re living in a condo, you will have to deal with the condo association and all that comes with it, including condo association fees, dues, meetings, rules, and if the condo association gets involved in a lawsuit, it can become even more complication. Especially if you’re a new buyer, you should receive disclosure about any lawsuits the condo association is involved with before you buy. If you do not request or receive such seller disclosure, you may be able to get out of paying some costs, or get out of the sale itself.
Seller Disclosure and Septic System Problems
If you are buying a home, you might read over the listing sheet, but you should also review any seller disclosure form given to you.
Most states have seller disclosure laws that require sellers to disclose to a buyer any major or material defect in a home. In addition to the seller disclosure form, you should also inspect the home using a professional home inspector.
Seller Disclosure: Lawsuit May Not be Worth Time and Effort To Fix Problem
Seller disclosure is required in most states, meaning a seller has to reveal any defects or problems with the house to a buyer. However, the seller disclosure laws and requirements vary greatly from state to state. If a buyer discovers problems with the home that they think were not revealed through seller disclosure, they should evaluate the money, time and effort it will take to fix the problem. Often it’s a simple fix to the house, but the seller disclosure lawsuit can leave you with a lot of legal fees.
Earnest Money and Seller Disclosure: Contract Must Be Signed To Be Valid
If you put down earnest money or a down payment on a home and you have a seller disclosure issue, you better make sure you have a way to get out of the contract. If the seller disclosure form failed to disclose mold in a home, and you signed a contract to buy the home, you should have the right to also inspect the home to make sure you want to move forward in the deal. If as a buyer, you don’t understand issues like contracts, earnest money, seller disclosure and home inspections, you might want to reconsider buying a house or hiring a real estate attorney and a home inspector before signing a contract to buy a home.
Seller Disclosure Laws and Home Inspections
Seller disclosure laws have developed to assist buyers in their home buying quest and to keep seller’s honest. Seller disclosure laws require a seller to disclose to the buyers all know material defects in the home. A seller is not required to disclose everything about a home, just material problems known to the seller. If you are buying a home in foreclosure, your seller — the bank — may not give you any disclosure and it will be up to you to make sure you perform a good home inspection to protect yourself. Seller disclosure laws do not replace a home inspection and a good home inspector. The best real estate advice you can get is to read the seller disclosure form carefully and perform a thorough home inspection of the home.
Sellers Responsible For Recalled Furnace In Sold Home?
Home sellers received a letter that the furnace in their sold home has been recalled. If a product is recalled, typically the company that manufactures it will repair or replace it. The contract will determine if the buyer or seller is responsible for getting the recalled furnace fixed.
