Palm Springs Real Estate
Harry Sterling - Making Client Satisfaction Your Reality...
         Phone: (760) 409-7977   CA Lic# 01359429                                           

  Click to Enlarge  

Home
Privacy Policy
Find A Home in the Desert Area MLS
Featured Homes
Find a Home anywhere in California
Read my Monthly Newsletter
Read my reqnewsletter Update
Mortgage Information from First Capiatl Mortgage
Mortgate Calculator
Map to My Office
Information Request Forms
See our Concierge Services
Go to Nationwide Agent Directory
More Helpful Links
Guest Articles
Site Map
email Map
Home
 
 

Disclosure In Real Estate

In the process of selling a home, owners will come across the term "disclosure." This refers to the necessity of disclosing any and all problems or concerns with the home to the prospective buyers. Items that would qualify for the disclosure statements vary from home to home but there are a few that are typical and at least one (lead-based paint) that is federally mandated. If the home in question does have lead-based paint then there is a 10 day period after the disclosure statement is issued where inspections can be carried out. No matter the age of the home, it is always a good idea to find out if this kind of paint has ever been used.

There is another section of disclosure that is known as the "Material Facts." This can be defined as any information that could affect the buyers’ decision to purchase the home or affect the offer terms and or price. Sellers could find themselves in an actionable position if these things are not disclosed. One of the most notable "material facts" is a death in the home. Most people do not mind if there was a death in the home, however if that death was violent; most buyers will quickly change their minds.

The most basic of disclosures are things that relate to repairs that have been done on the home such as plumbing repairs, whether there has been a fire in the home, and any other structural concerns. Keep in mind that anything that you tell your agent, they are legally required to disclose during the sale. Also, you as the seller are required by law to disclose any issues with the home that you are aware of. It is the best policy when disclosing, to simply be honest and up front about the home. Buyers will appreciate your candor and the sale of the home will be much easier.

Your leading site for all your Summit County and Breckenridge real estate needs.

Thinking of moving to Arizona? Check out www.az-homes4u.com for beautiful Scottsdale Golf Properties and homes for sale in surrounding areas.

 

 
   



            

      

1081 N Palm Canyon Drive 

Palm Springs, CA  92262   

Phone: (760) 325-4500     

Fax: (760) 406-5085

CA BRE License # 01359429