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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.
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| Q |
What is the highest skyscraper hotel in the world?
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| A |
The Grand Hyatt Shanhai in Pudong, Shanhai, China occupies the top 35 floors of the 88-story Jin Mao Tower, which at 1,378 feet is the tallest building in China and the third tallest building in the world. |
See More Real Estate Trivia > |
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James & Amy Galligan Keller Williams Real Estate 637 Main Street Stroudsburg PA, 18360 Office: 570-421-2890 Fax: 570-300-3331 Direct: 570-656-2235 Direct: 570-213-4888 Email: thegalliganteam@topproducer.com
We are a full time Husband & Wife Real Estate Team covering the Pocono Real Estate Area & Slate Belt Real Estate Areas for the past 10 years!! We are here when you are ready!!
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