Ryan Thomson is an award-winning, top producing agent specializing in Richmond, Vancouver and Delta residential Real Estate. His 21-point Smarter Home Marketing plan is a proven system that gets his Sellers’ homes sold quickly and for top dollar. If you are looking for a home in the Greater Vancouver area, then his 15-point Smarter Home Buyer's program will help you quickly find the home perfect for you. Because of Ryan's active profile in the Real Estate industry he will often hear of new properties even before they are listed. Buyers don't miss a thing when working with him! Please Sign Up For The Latest Listings and the Latest Real Estate News
Disclosure Laws >What Sellers Might Disclose
Most states require a home seller to provide the buyer with some type of disclosure form. What might the seller have to disclose?
A Residential Property Disclosure Form requires the home seller to disclose facts about the home's heating, wiring or plumbing systems, including any defects that may exist, such as leaks in the roof or cracks in the foundation. If something in your home is not working properly or needs repair, you will need to either fix it or disclose the material defect to the prospective buyer. There are other disclosure forms, unique to each local area, that require sellers to disclose negative environmental factors or local building code issues. A lead-based paint disclosure form is required for homes built prior to 1978.
State legislatures and courts all over the country have passed laws regarding concealing defects from an agent or buyer. Ask your real estate agent about your obligations as a seller regarding disclosure.
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What is the average price for a home in the United States?
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According to recent data published by the NAR, the national median price for existing single-family homes is now $230,000. |
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