If you are buying a home, then it is essential that you are fully informed about all potential problems with the property. You are investing in the future of your family, and you want to be sure that you are purchasing a safe, comfortable environment where you can live. A few simple steps during the buying process can help you uncover any potential problems that might be difficult in the future.
What is a Seller Disclosure Report?
The seller is required to provide a report that details problems that need to be addressed in the home. Without this report, you might not know that there is a bug infestation, leaky roof, or mice living in the basement. To protect home buyers and ensure that it is a fair real estate transaction, the seller needs to provide a disclosure report that lists these details.
The required disclosures vary depending on the location of the home. The federal government requires disclosure if there is lead-based paint anywhere on the property. Additionally, there are often state requirements that homeowners need to meet.
Read the Document with Your Real Estate Agent
You might read through the seller disclosure report and miss important details if you don’t know what to look for. Having an experienced Atlanta real estate agent by your side is one of the best things that you can do to keep yourself protected.
A real estate agent will know nuances about how the report could impact your family in the future. For example, it might not seem like significant information to see that the roof is nine years old. But, understanding the lifespan of that type of roof is essential so that you know when you will need to invest in a new roof. Certain types of roofs might need to be replaced after 10 or 15 years, which means that you could have a major home repair project soon after moving in.
Other Details in the Disclosure Report
As you read the document word-for-word, you might see other things such as details about the HVAC system, cracks in the foundation, damage from animals or pests, or other unusual details in the “additional comments” section.
It is essential to read everything word-for-word because you might find details that are deal-breakers for the purchase of the property. Also, it is essential to hire an experienced inspector to help. There could potentially be problems that the seller isn’t aware of, and the inspector can uncover details that might not be listed in the disclosure report.
At DUFFY Realty we are dedicated to helping you find the best home for your family. We always focus on quality homes and detailed real estate services. You deserve to avoid common problems that can pop up when buying a new home. Contact us to learn more about how we can help you choose a home that will be great for your family: (678) 318-1700