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Disclosure Laws >Full Disclosure

You are about to list your home. Since you have lived there for many years, you know that it is not perfect. For example, there might be a leak in the basement that is noticeable only after a heavy rain. Your garage door might stick, and the dishwasher may be prone to work stoppages.

Every home has a few quirks. When it is time to sell your home, you have a choice of either making the necessary repairs or letting the buyers know about the problems. Material defects must be fully disclosed.

Some buyers will order a structural inspection in order to learn exactly what they will be getting. Even if the buyers don't ask for an expert to look at the house, it is the seller's responsibility to disclose any known defects in the property. The seller's agent will provide the disclosure form, wherein the seller may itemize any problems. Sellers may avoid any real estate lawsuits over undisclosed defects by making repairs before the sale or agreeing to a price adjustment during the transaction if defects are discovered.

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Q	Lenders in 14 states--California, New York, Oregon, Utah, Vermont and Wisconsin and 9 others--have what in common?
A	Lender in these states must pay interest on funds held in escrow accounts.
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The Carol McMorris Group, REALTOR®, real estate agents and broker for Wilton, New Canaan, Newtown, Ridgefield and Redding Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)

The Carol McMorris Group
The Higgins Group
28 Center Street
Wilton, CT. 06897
Phone: 203-762-2020
Fax: 203-563-9521
Email: carolmcmorris@NUMBER1EXPERT.com
Carol has been selling real estate for 18 years. As a 35million a year producer, she has helped hundreds of clients successfully through the buying and selling process. She goes the extra mile and has your best interest at heart.

www.CarolMcMorris.com is brought to you by The Carol McMorris Group
NUMBER1EXPERTS™ in real estate for Wilton, New Canaan, Newtown, Ridgefield and Redding, Connecticut, new construction, luxury homes

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