seller disclosure: The Insurance Company Will Rat You Out! - 09/07/18 09:20 AM

As a followup to my post earlier this week regarding property disclosures, I got to thinking about the handful of transactions that turned south once the buyer realized that the seller had been less than forthcoming about the condition of the property.
 
In this case, it had severe consequences for the buyers in the first week of their ownership.
 
The buyers had a thorough inspection and the seller had disclosed that they had a few inches of water in the basement a few years prior to the sale.  They had filed an insurance claim and because the basement was unfinished, there was what … (15 comments)

seller disclosure: Buyer Beware: Disclosures Don't Tell the Whole Story! - 09/04/18 07:42 PM
Recently, I received a call from a buyer's agent regarding a home that I had listed and sold to her buyers several months ago.  She was questionning whether the seller knew that there was old termite damage in the ceiling of the main floor of the house.  When I asked how it was found after the closing and not by the termite inspector, she indicated that the buyers had removed the crown moulding as well as the wallpaper and it was found then.  That explains why the inspector didn't find it, it was HIDDEN.  The agent was accusing the sellers, who … (28 comments)

seller disclosure: Buyer Cries Foul! That Wasn't In the Disclosure! - 12/11/13 10:02 PM
Buyer Cries Foul! That Wasn't In the Disclosure!
Well, in all fairness to the seller property disclosure, there is no place for the seller to disclose the stains in the carpet, the scratches in the wood floor under the area rug in the dining room, or the chewed baseboard from when the dog was a puppy.  But should they go out of their way to make sure the buyer knows it is there?
I think so!  And here is why.  The buyers are buying the house based on what they can see.  And if the house isn't vacant, they cannot see … (9 comments)

 
Karen Feltman, Relocation Specialist in Cedar Rapids, Iowa (Cedar Rapids/Iowa City, IA KW Legacy Group) Rainmaker large

Karen Feltman

Relocation Specialist in Cedar Rapids, Iowa

Cedar Rapids, IA

More about me…

Cedar Rapids/Iowa City, IA KW Legacy Group

Address: 4850 Armar Drive SE, Ste B, Cedar Rapids, IA, 52403

Mobile: 319-521-0701

Office: 319-423-4139

Email Me

Whether you are relocating from another state or you are moving within the market area, there is always some adjustments to be made! My focus is on the well-being and safety of your family. A house is very important, but making the Cedar Rapids area your home takes a little more effort. My clients call me long after the closing for advice on a veternarian for their new puppy or the best daycares in the area. Meeting new people is always fun for me and I love my job! Call me if you would like to know what your home is worth in the current market or if you think that you might want to move up to another home somewhere else. We will miss you, but I will happy to get you on your way to your next adventure as quickly as possible!


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