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Disclosure Laws >Defects Must Be Revealed
Disclosure laws make it important to reveal all material defects when you are selling a home. It is important to be absolutely candid with your agent and all buyers about the condition of the property. If there is anything wrong with the roof, the plumbing, the wiring or structure, it will probably not remain a "sleeping dog". The problem will probably wake up, snarl, growl and snap at your ankles at the precise moment your buyers feel their first stirring of buyers' remorse.
It is unlikely that defects will go undetected, because most buyers get a home inspection before they are contractually obliged to complete the purchase. Even if the problems do not surface before the closing, your liability does not end after the closing for any defects you may have forgotten to report. Buyers almost never accept misrepresentation graciously, but they can usually deal with a house that is short of perfection if they know what they are getting into from the beginning. When selling your home, your real estate agent will provide you with a seller's disclosure form. Protect yourself by clearly describing any material defects prior to the sale.
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| Q |
In what real estate market are more than 90 percent of home sales cash transactions?
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| A |
Palm Beach, home to princes, politicians, and CEOs, has homes from 2,000 sq.ft. condos to 56,000 sq.ft. estates. |
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Shelia Scott
Keller Williams Indy Metro South
1410 East Morgan St.
Martinsville, IN 46151
Direct: 765-318-1031
Fax: 765-342-5502
primary: sheliascott@NUMBER1EXPERT.Com
secondary: sheilascott@NUMBER1EXPERT.com
My team and I are here to take CARE of all YOUR real estate NEEDS! If you are a BUYER we will assist you in finding the perfect home to handling all the details from START to FINISH. If you are SELLING your home we will be sure to get you the BEST PRICE in the SHORTEST TIME possible. SERVICE to YOU is at the Top of list!   
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