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At N-Hance Wood Renewal

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Real Estate Tips
Disclosure Laws >Potential Problems

Every house has some "quirks", and some have material defects that may affect the sales agreement or the asking price. Placing a less-than-perfect house on the market is fine as long as you and your real estate agent give the buyers information on any "hidden defects".

Most litigation in real estate transactions involves the buyer suing the seller for failure to disclose a problem. Whether it is a leaky roof, dry rot, plumbing or heating problems, or a wet basement, most courts do not apply the "let the buyer beware" rule to real estate transactions. Even if the buyers had a structural inspection and you sold the property "as is," you may be held responsible for undisclosed defects.

Sellers have an obligation to disclose both obvious and hidden defects. Courts have not been sympathetic to sellers who have lived in a house and are in a position to know what works and what doesn't, but do not fully reveal the facts. This is one area where honesty is the only policy. Ask your agent for help if you are unclear about any aspects of the disclosure form.

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Real Estate Trivia
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Fewer than 2 percent of homeowners build this type of home:

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Fewer than 2 percent build a custom home; most buy an older home or select from a home builder's menu.
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Karen Richards Group, REALTOR®, real estate agent and broker for Frisco, Plano and North Dallas, Texas home listings, property and land for sale - NUMBER1EXPERT™

Karen Richards Group
RE/MAX Premier Properties

5501 Independence Ste105
Plano,TX 75023
Voice Mail: 972-739-5288
V Fax: 972-739-5288
Direct: 214-403-0207
General Requests: karenrichards@NUMBER1EXPERT.com
Remax e-mail: KRichards@remax.net

My Personal Mission as your professional real estate advisor, is to focus on your satisfaction. My business is all about service and I am not happy until you are happy. My years in the business have provided me the experience to assist you with nearly every real estate need. Whether it's finding you a home, finding the best loan, or helping you to get the most out of selling your home, I am here to guide you. If there is anything you need, please let me know. International R.E. Specialist- Certified Luxury Home Marketing Specialist (CLHMS)- Real Estate Cyberspace Specialist (RECS)-GREEN, National Association of Realtors- Certified Residential Specialist (CRS)- Graduate Realtor Institute (GRI- Accredited Buyer’s Representative (ABR)-Accredited Staging Professional (ASP)- Certified New Home Specialist (CNHS)- Residential Construction Certified (RCC)- Member Children’s Miracle Network- Platinum Club RE/MAX National

Karen Richards Group is a top equestrian real estate agent in the Mckinney, Texas Horse Farms for Sale guide on NewHorse.com AmericasBest.com Visit StagedHomes.com ActiveRain Real Estate Homes In Other Cities
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