Real Estate with Merri Ann

Posted May 23, 2018 at 5:35 am by

Mer­ri Ann Simon­son checks in to share more Real Estate infor­ma­tion with you…

Home Inspec­tions and Their Role in the Real Estate Transaction

Mer­ri Ann Simon­son — Con­tributed photo

If you are a buy­er or sell­er, I bet you thought just get­ting under con­tract was stress­ful for all par­ties but in real­i­ty, the home inspec­tion and/or fea­si­bil­i­ty response and asso­ci­at­ed nego­ti­a­tions are often the more stress­ful event. Allow­ing a buy­er to have a home inspec­tion and hope­ful­ly a con­cur­rent fea­si­bil­i­ty study is a very nec­es­sary part of the transaction.

Seller’s Dis­clo­sure form 17
As required by stat­ue, the sell­er must pro­vide a dis­clo­sure about the prop­er­ty. This is mere­ly a dis­clo­sure, not a rep­re­sen­ta­tion, guar­an­tee or war­ran­ty. This dis­clo­sure should be giv­en to your home inspec­tor pri­or to their vis­it so they can focus on the seller’s com­ments about defects and repairs made. Your agent should auto­mat­i­cal­ly do this but as a buy­er you should insure it happens.

Buyer’s Due Diligence
Con­tin­ue read­ing (PDF)

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Categories: Real Estate

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