|
"Jean Found Me The Perfect Home!"
"Jean found me the perfect home! I was very particular about the setting and location I was seeking, yet I needed something in a lower price range. After falling in love with a place that, unfortunately, failed the home inspection, I was READY TO BUY! Jean was very good at helping me keep my feet on the ground, and cautioning me when I appeared to be ready to jump on something that didn't really suit my special desires. We continued our search for another nine months and finally found the PERFECT home, featuring a setting that was even more than I bargained for, in an ideal location. Jean really kept my desires in mind, and helped me avoid settling on a place that wasn't exactly what I was looking for. I'm delighted in my new home, and I highly recommend Jean Vermillion as the person to help you in your search for the perfect home."
Joan & Eric in Galesburg, MI
Tell me how I'm doing!
You have a story to tell about me. You've
worked with me, and I've helped you buy or sell a home. I need your feedback.
Others need your feedback, too! Please take a moment to fill out this form and
tell me how I did...
 |
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.
|
|
| Q |
What document must lenders provide within three days of receiving your application for financing?
|
| A |
The "Truth In Lending Disclosure Statement" will give you complete financial information about the loan. |
 See More Real Estate Trivia > |
|
|
|
- NUMBER1EXPERT™ 
