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Disclosure Laws >Potential Problems

Every house has some "quirks", and some have material defects that may affect the sales agreement or the asking price. Placing a less-than-perfect house on the market is fine as long as you and your real estate agent give the buyers information on any "hidden defects".

Most litigation in real estate transactions involves the buyer suing the seller for failure to disclose a problem. Whether it is a leaky roof, dry rot, plumbing or heating problems, or a wet basement, most courts do not apply the "let the buyer beware" rule to real estate transactions. Even if the buyers had a structural inspection and you sold the property "as is," you may be held responsible for undisclosed defects.

Sellers have an obligation to disclose both obvious and hidden defects. Courts have not been sympathetic to sellers who have lived in a house and are in a position to know what works and what doesn't, but do not fully reveal the facts. This is one area where honesty is the only policy. Ask your agent for help if you are unclear about any aspects of the disclosure form.

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Q	Which metropolitan area in America currently offers the most affordable market in which to buy new homes?
A	The housing market in Youngstown, Warren and Boardman, Ohio is currently the most affordable metro area in the U.S.
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"Number 1 in Real Estate!
I wanted to sell my property at the Lake. I researched and found that Nellie had the biggest outreach for RealEstate sales that I had ever seen.
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Nellie McGee, REALTOR®, real estate agent and broker for Augusta, Lincoln County and Strom Thurmond Lake Georgia home listings, property and land for sale - NUMBER1EXPERT(tm)

The McGee Lake Team
Broad River Realty
Office: 706-359-3818
With 30 years experience, licensed in Georgia, we are well equipped to help you Buy or Sell your property! Call or email us today!

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