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HOMES IS ACROSS FROM LARGE PARK AND SCHOOL, BEAUTIFUL BACK YARD WITH LARGE COVERED PARTY PATIO; OPEN FLOOR PLAN WITH EASY LIVING; CLOSE TO EVERYTHING IMPORTANT; NICE KITCHEN WITH EATING AREA PLUS A FORMAL DINNING AREA.
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.
What is encroachment, and how might it affect a property owner?
Encroachment, refers to the unauthorized intrusion of a building or improvement onto another person's property; it often requires a surveyor's report to support the claim.
Chuck WartmanRE/MAX Properties, Inc.1740 Chapel Hills Dr.Colorado Springs, CO 80920Office: 719-231-5525Fax: 719-598-9308chuckwartman@NUMBER1EXPERT.comHello! My goal is to build trusting relationships with my clients so they understand I am behind them throughout the entire process. I believe that hard work, open communication and dedication are they key ingredients in being successful.
Chuck WartmanRE/MAX Properties, Inc.1740 Chapel Hills Dr.Colorado Springs, CO 80920Office: 719-231-5525Fax: 719-598-9308chuckwartman@NUMBER1EXPERT.com
Hello! My goal is to build trusting relationships with my clients so they understand I am behind them throughout the entire process. I believe that hard work, open communication and dedication are they key ingredients in being successful.
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