Thursday, October 28, 2010

Get Copy of Property Disclosure Statement


HomeBills medium Get Copy of Property Disclosure StatementThere is so much new terminology to learn when you start the search for your first home.  If you don’t understand something, you could pay the price later if something is not correct.


One required document that you should ask to see before you write a contract.

“When writing an offer to purchase a home, be sure and request a copy of the Seller’s Property Disclosure Statement to be included as an exhibit on the contract.  The Seller’s Property Disclosure Statement is designed to assist the Seller in disclosing adverse conditions relating to the physical condition of the property.  These include items that may not be readily observable, including current and past problems with the property.  

The Seller’s Disclosure should also include a list of fixtures or other items included with the sale of the home.  Keep in mind that when purchasing a foreclosure property, a Seller’s Property Disclosure will probably not be provided.  The property will be sold ‘as is’ with no disclosures or warranties provided by the lender. 

In either event, whether or not there is a disclosure provided, you should be sure the contract includes a 7 to 10 day due diligence period to give you time to check out the home.”



I would like to have you as one of my clients for life.  See why more people are choosing me to help them find their new home.

Looking forward to doing business with you.

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