Seller Disclosure Articles - Page 1

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…

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…

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…

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…

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…

When you're buying a home it's up to you as the buyer to search the address in public records. While seller disclosure does include material defects, it doesn't necessarily include crime disclosure. If you pay for a home inspection and later decide to cancel your home buying contract can you get…

When you're buying a home, a home inspector will go over the property with you to point out any issues that may require home repair. It's a good idea to walk around with the home inspector during a home inspection because he may make comments that won't appear on the final report. After you know the…

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.

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…

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…

A home buyer recently purchased a home and was told the home's fence and deck do not have a permit. The buyer doesn't know which previous owner built the deck and is wondering if it should have been disclosed that they did not have permits. The owner might only have to pay a building permit fee to…

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…

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…

When you're looking at homes to buy you may find that some have radon in the basement. Should you buy a house with a radon problem? It may be OK to buy a home with a radon problem so long as it has been corrected. But when you go to sell a home with a radon problem you need to mention it as part of…

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.

Home buyers should spend the money and hire a professional home inspector before buying a home. A professional home inspector have a better chance of finding flaws that the seller may omit on a seller disclosure form, leaving the home buyer with additional expenses in the future. Home buyers who…

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…

A non-citizen in the United States legally as a student wants to know about credit card debt. He has racked up quite a bit of debt and wonders about what would happen if he left the country without paying his credit card debt. In this situation he should do what anyone facing credit card debt should…

A home buyer notices problems with his new home and suggests the seller didn't properly disclose them. A home inspection would uncover problems not disclosed by the seller. The seller disclosure form will show what the sellers identified as potential problems for the home buyer.

What can you do when you have to pay a special assessment to your homeowners association (HOA) for water damage? Are the condo sellers liable for telling you about the water damage prior to sale? How can you find out if you're at risk for special assessments prior to buying a home with an HOA?

Home buyers recently purchased a home that has severe hail damage from a storm between their home inspection and closing. In many states, it is still buyer beware when it comes to buying the home and if the seller did not lie or hide damage to the home, the seller may be off the hook for damage…

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.

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…

A home seller disclosed a basement water problem before closing on her home. The buyer now wants the seller to pay for waterproofing the basement even though the problem was disclosed. Most states have a seller disclosure law for residential real estate transactions that require a seller to disclose…

When you buy a home, what does the seller have to tell you as part of seller disclosure? Does seller disclosure include rotten neighbors who are noisy and disruptive? Does a buyer in such a situation have recourse? You should contact a real estate attorney to understand seller disclosure laws for…