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Disclosure Laws >Full Disclosure

You are about to list your home. Since you have lived there for many years, you know that it is not perfect. For example, there might be a leak in the basement that is noticeable only after a heavy rain. Your garage door might stick, and the dishwasher may be prone to work stoppages.

Every home has a few quirks. When it is time to sell your home, you have a choice of either making the necessary repairs or letting the buyers know about the problems. Material defects must be fully disclosed.

Some buyers will order a structural inspection in order to learn exactly what they will be getting. Even if the buyers don't ask for an expert to look at the house, it is the seller's responsibility to disclose any known defects in the property. The seller's agent will provide the disclosure form, wherein the seller may itemize any problems. Sellers may avoid any real estate lawsuits over undisclosed defects by making repairs before the sale or agreeing to a price adjustment during the transaction if defects are discovered.

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Q	Where was the first hotel built in the US?
A	The Union Hotel (1802) Saratoga Springs, NY, is the first hotel emphasizing lodging and services, in addition to food and drink.
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Dawn Impastato, REALTORŽ, real estate agent and broker for Slidell, New Orleans and Lakeshore, Louisiana home listings, property and land for sale

Dawn Impastato
Coldwell Banker TEC Realtors
1501 Gause Boulevard Suite 1
Slidell, LA 70458
Mobile: 985-502-6600
Office: 985-649-6300
Fax: 985-641-6405
Dawn.Impastato@cbtec.com
Navigating the right course in real estate can be treacherous. Let a proven professional chart the right course for you. As an associate broker with over 19 years experience I know how to help you achieve your real estate goal.

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