Understanding a Sellers Discosure

Did you know that sellers are obligated by law to disclose certain known problems that could affect a home's desirability or value. This doesn't excuse buyers from exercising due diligence when discovering all they can about a property, however. Sellers are only obligated to share what they know. For this reason, a licensed REALTOR should be consulted when evaluating a property for purchase. Various issues such as lead paint, asbestos, and radon can seem intimidating, but they don't have to be deal breakers. Before making an offer on that next home, review the list of seller disclosures with your agent and determine the best course of action. A little homework here can add thousands of dollars to your bottom line!