The Seller's Disclosure is a state law requirement. Its purpose is to have the seller tell prospective buyers specified things the seller knows about the property.
Real estate agents are barred by law from helping or even advising the seller about filling out the form. The intent is to keep everyone out of the seller's disclosure preparation process except the person who knows most about the property and that's the seller.
Sometimes the seller will revealed some property defects. Undoubtedly, there will be other unknown defects. There always are - even in newly constructed homes. That's why, when buying a resale home, it's advisable to negotiate for an option period, to get the property professionally inspected during the option period, and to negotiate with the seller for repairs when repairs are called for.
We’re Stephanie and Randy Kelley, Realtors® at Keller Williams Legacy, San Antonio, Texas. If you have questions, need San Antonio realty or mortgage loan advice or assistance, or just want to chat a bit about our wonderful Alamo City, please call us at (210) 863-2661 or (210) 867-8743, or E-mail us at swkrealtor@aol.com or kelleybus@aol.com. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.
No comments:
Post a Comment