When a home seller sells a property the seller must disclose hidden facts. Seller disclosure can include previous damage, homeowners association fees, or any number of other things. Look here for more information about what is required in seller disclosure.
What should you look for when you're considering purchasing a home with a radon mitigation system? A radon mitigation system is installed when high levels of radon are found in a home. Having a radon mitigation system may change the resale value of the home.
When you're selling your home your buyer may want to get a home inspection. An inspection of the septic system may be included in the home inspection. Who should pay for a home septic system inspection? Is it to the seller's benefit to pay for such a home inspection for the buyer?
A buyer purchased a home and no major problems were disclosed. The buyer later discovered that the pool was leaky, but the seller didn't disclose the problem even though evidence of it was on a water bill. The buyer might have good evidence to sue for seller disclosure.
Most states have seller disclosure laws. These laws require a seller to disclose to a buyer known material defects in the home. The first issue is to determine whether the seller knew of the leak and should have disclosed it.
A late inspection reveals polybutelyne plumbing in a homebuyer's potential home. The seller claims it's not polybutelyne, but the buyer wants to know if he has any recourse based on the findings.
When you sell your home you will have to share if the home has material defects as part of seller disclosure. Does seller disclosure include sharing what kind of wiring your home has? Do you have to share items under seller disclosure that weren't made public to you when you bought your home? Seller disclosure means disclosing hidden material defects - items that the seller knows about but can't be seen with the naked eye.
A new homeowner has discovered that their furnace does not work and that the seller was aware of the problem. Most states have what are called seller disclosure laws that require that the seller disclose to a buyer known material defects in the home. The homeowner's may be able to sue the seller for a new furnace.
When you're selling a condominium or another home, it's best to be totally honest in your seller disclosure. Seller disclosure includes structural problems, including any studies related to them. In determining whether to disclose a problem, you should think about whether the issue has been corrected. If it has been taken care of, usually there's no obligation to include it in seller disclosure. If the problem is a recurring problem even after many attempts to correct the problem, then seller disclosure may be required.
A new home owner notices a bad smell and wants to sue the seller for not disclosing it. The homeowner's ability to sue the seller for his or her failure to disclose a material problem with the home will generally depend on various factors: the state's seller disclosure laws, what the seller knew, and what the contract for purchase of the home stated. Seller disclosure laws generally require sellers to disclose material issues relating to the home.