20% Rebate for Buyers
$3,500 Flat Fee for Sellers
2% Full Service for Sellers
What problems might I encounter that the seller will probably not know to disclose?
Can the seller choose not to write up a disclosure by using the As Is?
What happens if a new problem is found, does the seller have to add it to the disclosure?
What happens if the seller did not disclose something?
How long do I have to review the disclosure and what happens if it is updated later on?
What problems might I encounter that the seller will probably not know to disclose?
Sometimes the seller just does not know about an issue. This is why you need a professional home inspection. Many times this uncovers issues that the seller is not aware of. Some electrical and plumbing issues the seller might not have known about until the inspector points them out. Also problems on the roof they might not be aware of.
Can the seller choose not to write up a disclosure by using the As Is?
No, the As Is does not change the need to disclose everything, and should have no change on how the disclosure is filled out.
What happens if a new problem is found, does the seller have to add it to the disclosure?
Yes, and then you get another 10 days to think about the updated disclosure and cancel and get your deposits back if you are not comfortable.
What happens if the seller did not disclose something?
If it is during the escrow and you find something they did not disclose, they then have to disclose it which gives you an additional week to decide if you want to continue or not. If you find a major issue after closing that they did not disclose, you would need to get an attorney involved to see if you can get them to reimburse you for the issue.
If you are a seller, keep in mind you can't get sued for something you disclosed, it is only things you do not disclose that can become a problem, so please make sure you disclose everything.
How long do I have to review the disclosure and what happens if it is updated later on?
In our contracts we allow 7 days to review the disclosure. This means that within 7 days of the agent or you receiving the disclosure you can cancel and get your deposits back. If later on something new comes up and they need to add this to the disclosure, then you would have another 10 days per our contract to review the new change and decide if you want to cancel or continue.