Seller Disclosure
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.
Seller Disclosure: Buyer’s New Home Has Broken Furnace
What is required under seller disclosure? A few months after buying a home, the new homeowners realize they need a new furnace. but seller disclosure didn’t indicate that there was anything wrong with the furnace. Ilyce asks if the homeowners had a home inspection prior to closing, and takes them through whether they have a case under seller disclosure – or lack thereof.
Seller Disclosure: Noisy Neighbor?
Does seller disclosure include telling your real estate agent about a noisy neighbor? Ilyce explains with seller disclosure, if you are asked about neighbors, you should answer honestly. But, seller disclosure does not mean that you have to voluntarily tell a buyer or real estate agent about the piano practice.
Home Inspection Problems May Lead To Seller Disclosure Lawsuit
When you’re buying a home you should have at least one home inspection that includes a look at the septic system. What’s found during that home inspection including the septic system depends on the caliber of home inspector you hire. If you discover problems with your septic system after the home inspection and after you’ve taken possession of the home, it may be a case of inadequate seller disclosure and you may be able to sue the seller for not telling you about the septic system problems.
Seller Disclosure: Landscaping Problems And Legal Dispute
What is the law on seller disclosure, if a homeowner discovers soil erosion problems with the landscaping after buying the home? A professional landscaper tells the new homeowner that the old home owner never fixed the initial problem of soil erosion with the landscaping, but never told the new owners the problem under seller disclosure. The best advice for the new home owner is to go to a knowledgeable real estate attorney to find out what the seller’s obligation was under seller disclosure and whether there is a legal case against him.
Financial Questions and Answers
When a product is recalled, the manufacturer will repair the item and replace it. If you have discovered that appliances in a home you have recently sold have been recalled, you will probably not be responsible for charges. Contact the manufacturer for more details.
Seller Disclosure: Home Buyer Finds Flood Damage After Closing, Seller To Blame?
A home buyer discovers the home she bought has flood damage after closing and moving in, but nothing was indicated through seller disclosure. Now the home buyer is trying to determine if she can sue the seller for not disclosing the flood damage before closing. Ilyce explains that in order to sue the seller, the home buyer must be able to prove that the seller purposely chose not to disclose the flood damage before closing the sale.
Seller Disclosure: What Is It And Why It’s Important!
Selling your home? What is seller disclosure and why is it important? Avoid litigation by being honest and accurate in your disclosure paperwork. Watch this Expert Real Estate Tips segment for more information on why honesty and accuracy are important when selling your home and disclosing flaws to the real estate buyer.
Does Seller Disclosure Include Homeowners Association Assessment?
When a home seller sells a property the seller must disclose hidden facts. Do these disclosures include homeowners association assessments? A buyer complains about an upcoming homeowners association assessment for street repairs and asks if he has recourse since the disclosure wasn’t made.
Water Damage: Seller Disclosure Issue?
When it comes to proving disclosure fraud, the buyers have to prove that the sellers knew or should have known about the problem. This recent home seller’s buyer claims he knew about the potential for water damage and should have mentioned it as part of seller disclosure prior to the home sale. The home seller says he had minimal water damage while living in the home and wants to know how to interact with the home buyer concerning the issues of water damage and seller disclosure.
