HomeLight

OCTOBER 17, 2022

If you need assistance navigating the legalities of what to disclose when selling a home in Texas or using a seller’s disclosure form in Texas, HomeLight always encourages you to reach out to your own advisor. DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes only, not legal advice.

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Mandrona Group

APRIL 26, 2024

Strap in as we embark on an enlightening journey into the importance of Form 17 Seller Disclosure Statements. Read More

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Hank Miller Team

MAY 9, 2023

In most cases, the best option for sellers is to remove the items they wish to take and replace them. Georgia dedicates an entire page of the seller's disclosure to fixtures and what transfers with a home. This removes the chance of any misunderstandings by the parties involved.

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RIS Media

AUGUST 23, 2023

In the world of real estate, the seller’s disclosure is a linchpin of transparency intended to guide informed decision-making for potential buyers. This pivotal document is also referred to as the “sellers disclosure,” “sellers disclosures,” or “sellers disclosure form.”

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BubbleInfo

OCTOBER 22, 2023

This topic came up in my 45 hours of continuing education, and Donna agreed that rarely do listing agents comment on their seller’s disclosures – do they even read them?

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HomeLight

JANUARY 22, 2024

Fast facts about selling a house ‘as is’ in Michigan Median sales price in Michigan $291,186 Average days on market (DOM) for Michigan 42 Days Disclosures Michigan law requires sellers to disclose material facts about the property through the Seller Disclosure Act (Act 92 of 1993). yes, according to Jeff Todd.

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HomeLight

OCTOBER 31, 2022

In a nutshell, Niakan says, the disclosure form is a handy way to get honest about what you do know — and not worry about what you don’t. Let’s jump into what you need to know about Florida’s seller disclosure form — and what it means for sellers, and buyers, in the Sunshine State. The truth will set you free,” he says.

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HomeLight

NOVEMBER 15, 2024

Get the seller’s disclosures: Your agent can assist you in obtaining any required seller disclosure forms or statements. Talk to your lender: Discuss your situation with a lender to gauge your chances of securing a mortgage by the time the rental period ends. Knowing your options in advance can save a lot of headaches.

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HomeLight

OCTOBER 12, 2022

If you need assistance navigating the legalities of what to include on a home seller disclosure form in Utah, HomeLight always encourages you to reach out to your own advisor. We’ve consulted with a top real estate agent and researched items that must be disclosed to help make sense out of the seller disclosure form in Utah.

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RIS Media

OCTOBER 5, 2020

One way this happens is through selling disclosures that must be presented to the buyer before the transaction closes. The age of HVAC systems is one component that appears on these seller disclosures, meaning that potential buyers will be fully aware of the age of your HVAC system.

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HomeLight

OCTOBER 9, 2024

However, ask your agent about local seller disclosure requirements before ordering a pre-listing inspection. Sharing the inspection report shows transparency, which can foster trust and may even reduce buyer requests for further inspections.

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HomeLight

MAY 28, 2021

Seller disclosures. In many states, seller disclosure forms are required to complete a real estate transaction. Each state has different requirements , but basically the seller is required to tell the buyer of any known problems with the house.

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Windemere Selling

OCTOBER 25, 2023

Though this case had a ripple effect in the housing industry, you should still check with your agent regarding the seller disclosure laws in your local market. Although the laws around haunted disclosures are a bit murky, if a buyer asks about the history of the home, you as the seller have a duty to be honest.

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RIS Media

DECEMBER 6, 2020

Disclosure: Some states require a seller disclosure that includes information about past flood damage; however, many do not. Flood Factor, realtor.com®, ®, the FEMA website— [link] —and many private flood insurer sites such as Neptune’s, will provide an instant determination of the flood zone of the property.

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Hank Miller Team

SEPTEMBER 14, 2022

Well what's old is new; let's get ready for the return of verbal (mostly) combat regarding seller's disclosures. Can the seller change the disclosure after contract? "it depends" Issues with the seller's disclosure tend to be the most common thing buyers and sellers lock horns over.

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RIS Media

DECEMBER 14, 2020

Disclosure: Some states require a seller disclosure that includes information about past flood damage; however, many do not. Flood Factor, realtor.com®, ®, the FEMA website— [link] —and many private flood insurer sites, will provide an instant determination of the flood zone of the property.

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Redfin

MARCH 14, 2022

As a buyer, it’s important to carefully review the seller’s disclosure packets with a real estate agent and during the home inspection. . What are the standard real estate disclosures? Each state has different requirements for seller disclosures – it’s best to check with your state’s guidelines.

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HomeLight

NOVEMBER 30, 2024

Legal liabilities can arise if you fail to comply with Rhode Island’s seller disclosure laws. For example, while FSBO sellers might initially save on agent fees, research shows they often leave significant money on the table. In Rhode Island, sellers are required to hire an attorney to close a home sale.

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Windemere Buying

OCTOBER 31, 2022

Ask to See the Seller Disclosure Form. This case set the standard for future seller disclosures. In this instance, they found that the history of the home and the seller’s experiences in it would have influenced the marketability. So, how do you make sure you’re fully informed about a home’s history?

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Realty Biz

JANUARY 10, 2024

Finally, you should prepare a seller's disclosure statement outlining any known defects or issues with the property. Do I Need a Realtor to Sell My House as a First-Time Seller? All of these items can be part of a comprehensive house closing checklist.

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Realty Biz

JULY 25, 2023

Seller's disclosure contingency: This contingency allows the buyer to back out of the sale if the seller fails to disclose any known defects with the property. Financing contingency: This contingency allows the buyer to back out of the sale if they are unable to get financing.

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HomeLight

DECEMBER 30, 2021

Some states require sellers to fill out a seller disclosure statement documenting known repair needs or health and safety hazards in the home. This can include anything from knowledge of lead-based paint or asbestos, to the seller’s awareness of water damage in the basement, a leaky roof, or damaged plumbing.

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HomeLight

NOVEMBER 12, 2020

Alabama: “Caveat Emptor” Rule, unless the seller or real estate agent knows about something that would impact the “Health or Safety” of the buyer. Alaska: Residential Real Property Transfer Disclosure Statement. Arizona: Residential Seller Disclosure Statement.

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Hank Miller Team

JULY 2, 2023

Real estate laws vary by state but there is the expectation of full disclosure of all material facts about a property. Seller disclosures are completed and assumed to be truthful but that’s not always the case. Misrepresentation of a property can result in lawsuits and fines.

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Hank Miller Team

DECEMBER 1, 2021

Don't rely on seller disclosures and if inspections are waived, buyers likely have little recourse as a lawsuit can be very hard to win in a "buyer beware" state like Georgia. Water and foundation issues are very common, some obvious and some not so much.

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Realty Biz

JULY 11, 2022

Review seller disclosures. You might not know what to ask for or what sellers in your state are required to disclose or not disclose. Some of it includes title reports, the appraisal, and estimated closing costs.

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HomeLight

JANUARY 5, 2022

Though not every state requires seller disclosures. On the federal level, sellers aren’t legally required to disclose asbestos , but that doesn’t mean the state or local municipality won’t require a disclosure. Do you have to disclose asbestos when selling a house?

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Seller disclosure Inspection Agents As-is 109

HomeLight

OCTOBER 17, 2022

If you need assistance navigating the legalities of what to include on a PA seller disclosure form, HomeLight always encourages you to reach out to your own advisor. So, you’re getting ready to sell your Pennsylvania home, and among the many documents you’ll be signing in the process is a disclosure statement.

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Purchase and sale agreement Seller disclosure Inspection Agents 110

Realty Biz

OCTOBER 28, 2022

Sellers must provide accurate information on the seller's disclosure. You will probably have a lot of questions for your agent throughout the process, but the realtor must also fully understand where you are coming from. This way, they'll know exactly what you're looking for and can help you provide the right data.

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HomeLight

AUGUST 16, 2021

Talk to your agent about seller disclosures in your state. Your agent will be able to tell you what a seller is legally required to disclose in your state as part of a home sale. As-is does not mean the seller can withhold what they know about the house’s problems.

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Redfin

MAY 5, 2023

Seller disclosures are required In Texas, seller disclosures are required when buying a house. This means that the seller must legally disclose any known defects or issues with the property to the buyer before the sale is finalized.

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Purchase and sale agreement Pre-approval Seller disclosure Earnest money deposit 66

HomeLight

OCTOBER 14, 2022

Let’s take a closer look at what disclosures are required when selling a house in Pennsylvania. Whether you hire a listing agent or not, Pennsylvania’s Real Estate Seller Disclosure Law requires sellers to disclose known defects and problems with a property to prospective buyers. Why sell a house by owner in Pennsylvania?

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Purchase and sale agreement MLS Seller disclosure Agents 110

The Residential Specialist

FEBRUARY 26, 2021

In California, for example, all sales must include a Natural Hazard Disclosure Report that lets buyers know if a property is located in an area that’s prone to flooding, earthquakes or wildfires, among other things.

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HomeLight

DECEMBER 29, 2020

Seller disclosures as required by your state or local MLS, which may include: Knowledge of structural or material defects. When it’s time to assemble your listing information packet, start with the basics: Home specs. Square footage. Bedrooms and bathrooms. Special features (deck, garage, basement, renovations, etc.). Asking price.

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Sales Seller disclosure Agents Renovation 98

Realty Biz

JULY 1, 2023

Additionally, the buyer should carefully review the seller's disclosures, which provide information about the property's history, known defects, and other relevant details. During this stage, the buyer needs to conduct thorough inspections, including professional assessments of the home's structure, systems, and potential issues.

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Purchase and sale agreement Earnest money deposit Title search Pre-approval 77

Inman

OCTOBER 20, 2023

Dallas real estate agents Heather Guild and Elena Richey bonded with their non-agent friend, Melanie Stout, over a shared interest in true crime and real estate, which is how the "Crime Estate" podcast was born.

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Hank Miller Team

AUGUST 16, 2023

Same questions can surround seller's disclosures; can you prove a seller lied? The property owner did not take reasonable steps to address the hazard or provide adequate warning. The hazardous condition was a significant factor in causing the slip and fall and resulting injuries. What can be proven in court?

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