When deciding to sell a piece of Monterey County real estate, there are certain things you must disclose about the property to the buyer before the sale can go through.
Disclosure laws are put in place to protect the buyer from unknowingly purchasing defective property. Not disclosing certain information about the property can jeopardize the sale, or worse, invite a lawsuit.
This has become more of an issue lately as some sellers are tempted to gloss over deficiencies in the home they are selling in order to try to get a higher sales price. In fact, a recent poll of real estate agents showed that 75% of agents ranked non-disclosure among the “top three current and future issues.”
What You May Need To Disclose
The main items that need to be disclosed are any defects with the home. This includes, but is not limited to, plumbing problems, water leaks, cracks in the foundation, insect infestations and toxic materials in the home — such as lead, asbestos, carbon monoxide or mold.
Be sure to fully disclose anything that may be pertinent to the buyer before purchase. Some disclosure laws include reporting issues with neighbors and whether the home has a criminal or notorious past.
If you are unsure about some information regarding your real estate, one option would be to state that you do not know that specific information. Remember though, if you knowingly withhold information, it may cause the sale to fall through or could be used against you in a lawsuit.
Does It Make Sense To Have A Pre-Inspection Done?
Sellers can also have their home inspected prior to placing the property on the market to prevent any surprises of unknown problems with the home. This way, defects can be fixed before listing the property, and the disclosure form can state the problem has been fixed. Buyers will almost surely want an inspection prior to closing, and a pre-inspection may suffice.
Disclosing information does not mean the seller needs to fix the problem. Any disclosed problems with the real estate can become a negotiation point. Remember, the most important thing is to be honest about any known issues with the property.
Real estate disclosure laws may be different depending on the state in which you live. The best way to know what you need to disclose in your area is to check with your trusted real estate agent or property attorney and discuss any potential property issues with them before you fill out the seller disclosure form.
http://wikicars.org/ says
Wonderful website. Lots of useful information here. I’m sending it to some pals ans also sharing in delicious. And of course, thank you on your sweat!
click here
click here
click here
click here
click here
click here
click here
click here
click here
click here
click here
click here
click here
nycmoldtest.com says
Hotel to a specialist who concentrates insidfe it to ensure
the job is accomplished properly. The most popular remedy for
removing mold is plain white vinegar. For example the recommended ures to disentangle the
difficulty.
theflexbelt.tk says
Do you glycemic index determines blood glucose level and levels of insulin.
But that is why easy question, tthe difficult question is, which fat reduction method is ideally suited for?
http://www.yelp.com/ says
For example, your breawd would’ve been forgotten for several days.
We were lucky to design room underneath the patio.
The last thing you want is a puddle using house
and growing fungal.
affinion group careers says
Panic over the economy is always an issue for graduates and you lso must be want to change careers.
My brother-in-law and I were outside enjoying a cool beer.
The next task is to expect to negotiate the salary.
Birmingham Mold Testing says
We love our roses, but unfortunately you
will find insects each year that love them as much as we do.
One of hese simple benefits mmay be the progress to the skin health.
Consult a doctor and let them recognize the condition.
http://the-unbreakables.org/?a=a+hrefhttpwww.yelp.combizdauenhauer-plumbing-louisvilleyelp.coma says
Besides, plumbing as an occupation will
probably thrive in US within the next few years.
At the same time, they also provide disaster plumbing services.
Stone Street Capital says
Be truthful bout your childhood and consider was encouragement existent in the home.
First, pick the best settlement choice you feel that you qualify.
That’s probable, yet coupled with a predicament binding.
fort lauderdale dumpster rentals says
Your normal immune system will become superior resistant to conditions.
Mold Inspector says
As they develop tuey invade and feed on the protein that makes up the hard
floor of the toenails. The expense of an over-all house assessment is certainly worth
every penny. You should keep reading, it might just save your
life.
http://www.yelp.com/ says
There arre many rewards linked to hiring a proficient lawyer to bee on
your doors. This is wherein the auto accident attorneys or
lawyers play their character.
yelp.com says
Jamaica possibly unveiled the Jamaica Debt Trade (JDX) mdthod
to rbuild itss domestic debt. Depending on the circumstances, the problems
maybe given as a structured settlement rather than as
a lump sum.
march madness 2014 says
This really is vital that you understand what numbers
and different items off information issue.
Actually, it sort of enables you to wish to shout. Thee netwlrk routine is supposed to develop skills
of ball handling.
new orleans city park says
You discover comfort, style, and affordability in a colorful high heel shoe foor summer.
Appeared well-known as the woeld of bijou. The raw
natural wonderful thing about Alaska was spectacular.
http://tiny.cc/d0sbcx says
While that is no real surprise to anyone, there are several interesting areas of this fight.
The following alternatives are available, based on your location:
Email; Phone; Car and GPS.
Citizensbank.Com says
Double make sure you have all the features that you will need to tow your car
properly. Particular philosophy, Bolles Motors oof Ellington has achieved
Chrysler’s highest rating: Five Star Certification.
Home Inspector St Louis says
So that’s an additional $80, 000 after investing $6,
000. A credit score is vital for First-Time Home Buyers, the larger the score thhe more
packages available. There are a number of various exams for water.
howard-wilner.tumblr.Com says
Taake notes for every used-car that you see so you can compare notes
with the cars you see. So down I went searching
for my great wagon, or anything else that I simply couldn’t
live without.
Goldie Dickey says
Be aware of what you need before you sart trying to find ‘your’ perfect
dwelling. Typically, new homes are about 700 sqft bigger than
homes integrated the 1980’s. Make the most of all help that’s offered to you.
Stacey Valnes says
Your best bet is always to hire a dependable sales representative or realtor to handle thee challenge.
It doesn’t matter because you will be obtaining a worldwide insurance.
how to lose weight fast says
Be aware that iin the long-term, quick diets are invariably destined to failure.
It iis attainable to loose weight quickly and in a healthy manner.
This is an absurd dependence oon anyone create.
Peter Popoff says
A good work or thhe moment that is desired of thhe lawyers after this
won’t be paid. ‘State clearly in articles why you really should try to fire the lawyer.
Peter Popoff says
This gives an even stronger benefit to proceed in addition to poor quality getting
sued. There are soo many fields in legal and most turn out quite interesting.
http://ow.ly/ says
It’d be perfect if you could stroll through the front door and areas, also.
As a result, there is a spurt popular for created plots in peripheral and suburban areas.
And dress her lover, also developed by Son C!
www.lacartes.com says
Stop worrying, your work is likely to be worthwhile. Comes with an eager retailer painted them turn?
Then, return to starting position and repeat the same with additional aspect.
Ilse Skillings says
The advice given above is highly relevant.