Jump to Navigation
Finding Real Estate Solutions That Meet Your Needs
Solutions

Tips for reviewing a seller disclosure report

Has the time come to write up an offer on your dream home? If so, there are a few steps to take before you move forward. Most importantly, you will need to review the seller disclosure report in detail.

This is a great way to learn more about a home before placing an offer. It shouldn't take the place of an inspection, but it can definitely open your eyes as to the true nature of the property.

But unless you purchase and sell homes on a regular basis, which most people don't, you may find it difficult to understand the finer details of a disclosure. As a result, there is always the chance that you could overlook an important detail.

While every last word is important, below are some areas of the disclosure that require more of your attention. These include:

-- Roof

-- Foundation

-- Plumbing

-- Electrical

-- HVAC and water heater

-- Pest damage

Along with the above, pay close attention to the "additional comments" section. If the seller noted anything of importance on the disclosure, it is here that you should find more details.

As noted above, a seller disclosure does not tell you everything which is why you want to opt for a professional inspection as well.

While the seller is responsible for providing accurate and truthful information, this does not always happen. Subsequently, the buyer could end up with a home that is full of problems. In this case, the new homeowner must then decide if they are in position to take legal action.

Source: Trulia, "How to Review a Seller Disclosure Report," accessed Nov. 20, 2015

No Comments

Leave a comment
Comment Information
Subscribe to This Blog’s Feed

Contact Our Attorneys

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

FindLaw Network

Attorney Advertising