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 Happens When a Seller Lies on a Disclosure?
What happens when a seller lies on a disclosure? This home buyer discovered damage they believe the sellers’ purposely failed to disclose. Q: When Do You Have Enough Evidence to Pursue a Seller Disclosure Case? We purchased a "remodeled" home early last year. We have recently discovered after doing some deep property cleaning that the [...]
I Bought a House With Problems Not Disclosed, Now What?
I bought a house with problems not disclosed, now what? This new homeowner found out about a major insurance claim for tornado damage after closing. Q: My husband and I bought a home two years ago and we had a multitude of problems. First, the real estate agent forgot to offer us a walk-thru until [...]
Seller Didn’t Disclose Water Damage, Now What?
Seller didn’t disclose water damage, now what? These homeowners moved in and found themselves with flooded basements from cracks, leaks and clogged drains. From time to time, we get a series of questions on the same topic. This week, everyone seems to have water on the brain. Literally. We’re running some of the questions and [...]
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.
Does Seller Disclosure Include Rotten Neighbors?
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 your area.
Seller Disclosure Did Not Include Building Permit
A home buyer asks about holding a seller accountable for not disclosing a missing permit for a studio apartment and for an inaccurate address on the real estate contract. Because the home buyer bought the property five years ago he may have exceed the statute of limitations to sue the seller for not disclosing the probelm. The buyer should contact the title company about the address mistake and a real estate attorney about the permit problem.
Is Seller Responsible For Water Damage In Basement?
A home buyer asks about water damage and mold in the basement of the home they purchased after the seller disclosed there was a one-time event and the problem had been fixed. The buyer now wants to know if the seller is liable for the mold from the water damage and not disclosing it properly. Having documentation and a home inspection to back up the buyer's claim will help her going forward in this seller disclosure situation.
Buying A Home With Potential Water Damage
Water erosion can turn into water damage. Before you buy a home you should check for water damage and the potential for water damage caused by water eroding away land. Sometimes when a home has water damage it may need other repairs. Is there a way that the home could be sold despite the risk of water damage?