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Real Estate Tips
Disclosure Laws >Read the Fine Print
Many states require the seller of a home to fill out a real estate disclosure statement when transferring the title. The disclosure is designed to reveal any material defects in the home to the new owner. When buying a home, take the time to read the fine print of the disclosure form.
Look for a section that asks the seller to indicate the material defects that exist in the home's major systems. Most forms will specify interior and exterior walls, ceilings, roof, insulation, windows, fences, driveway, sidewalks, floors, doors, foundation, and the electrical and plumbing systems. As the buyer you will want to know of defects in any of these areas.
Sellers are required to note the presence of environmental hazards or zoning violations. They must disclose if there are any encroachments or easements, or walls or fences shared with adjoining landowners. Room additions or repairs made without the necessary permits or not in compliance with building codes must be noted. Sellers must disclose citations or lawsuits against the property. If any such conditions appear on the disclosure form, consult with your real estate agent immediately regarding how to proceed with negotiation.
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Real Estate Trivia
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Where is the world's largest bridge located?
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| A |
Lake Pontchartrain Causeway at New Orleans, Louisiana is the world's largest bridge. It is almost 24 miles long. |
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Becky Brosh Edgewater Realty LLC PO Box 70 Granby, CO 80446 970-531-0704 Fax: 970-887-1338 beckybrosh@BestImageAgent.com
A deep appreciation for the privilege of living, working and playing in the majestic Rocky Mountains has made it possible for me to enjoy a career assisting buyers and sellers with their real estate needs in Grand County since 1997. It is a true pleasure to be a part of the process of a family securing their dream home, to work with investors taking advantage of the market, and to volunteer in the community. In addition to having served as President of both the Grand County Board of Realtors and the Grand County Builders Association, I have been named the 2009 Grand County Realtor of the Year. 
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