Real Estate Disclosures
Residential real estate transactions require buyers to disclose important information about the sale of their home. Buyers should plan for property inspections that will help you make decisions on what to disclose. Below are some suggestions:
• Polybutylene plumbing for homes built between 1978 and 1995
• Mold or conditions that may lead to mold
• Insurance loss history of the property (obtain a CLUE Report or
its equivalent)
• Environmental factors like radon, asbestos, lead based paint, pet
odors and carpet stains
• History of cracking, settlement, soil problems or related home repairs
• Real estate property lines, encroachments, building permitsfor your
homes additions and easements
• Square footage measurement of your home and garage
• Condition of a pool or spa
• Roof condition and history of water penetration into your home
• Transfer requirements, assessments or costs of any homeowner's association
Please spend time investigating these items before you complete your real estate disclosure form. Should you fail to disclose any of these items prior to the close of escrow could result in litigation between you and the homes buyer.
Should you have any questions about real estate disclosures, please contact Sherie for more information.
Sherie says: Remember, I'm here to guide you through the entire real estate process!
