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Disclosure Laws >Full Disclosure
You are about to list your home. Since you have lived there for many years, you know that it is not perfect. For example, there might be a leak in the basement that is noticeable only after a heavy rain. Your garage door might stick, and the dishwasher may be prone to work stoppages.
Every home has a few quirks. When it is time to sell your home, you have a choice of either making the necessary repairs or letting the buyers know about the problems. Material defects must be fully disclosed.
Some buyers will order a structural inspection in order to learn exactly what they will be getting. Even if the buyers don't ask for an expert to look at the house, it is the seller's responsibility to disclose any known defects in the property. The seller's agent will provide the disclosure form, wherein the seller may itemize any problems. Sellers may avoid any real estate lawsuits over undisclosed defects by making repairs before the sale or agreeing to a price adjustment during the transaction if defects are discovered.
What real estate board game became the best-selling game in America just one year after it was created?
A
Charles B. Darrow invented Monopoly in 1934, to cheer himself up while unemployed during the Great Depression. Monopoly is now the most popular board game in the world and has sold over 200 million copies.
Donna Fahy-Waters Coldwell Banker Residential Brokerage 1224 Third Ave Spring Lake, NJ 07762 Office: (732) 449-2777 Cell: (908) 601-0645 Fax: (732) 449-0352 donnafw@NUMBER1EXPERT.com
My commitment to excellence dominates my approach to all of my clients. Acknowledged as an industry leader in the top 1% of all Realtors nationwide and a top office producer from 1998 -2006, my results reflect my sales, marketing and financial educational background. From condos to castles, Expect the Best!
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