Get IA Property Condition Disclosure

Foundation issues are no minor thing. ... When buying a home with foundation issues, always get a professional assessment to determine the severity of the problem. If the issues are relatively minor and you like the house, you could consider fixing them. However, if the issues are extensive, it may be best to walk away.

The State of Georgia is a Buyer Beware State ~ the rule in Georgia is Caveat Emptor (let the buyer beware). It is a law that puts responsibility on the buyer to learn of any defects of the home.

Property disclosure statements essentially outline any flaws that the home sellers (and their real estate agents) are aware of that could negatively affect the home's value. These statements are required by law in most areas of the country so buyers can know a property's good and bad points before they close the deal.

Property disclosure statements essentially outline any flaws that the home sellers (and their real estate agents) are aware of that could negatively affect the home's value. These statements are required by law in most areas of the country so buyers can know a property's good and bad points before they close the deal.

2 attorney answers "No Seller Disclosures" means that the seller is selling the property without disclosing any defects or facts that might be necessary for a buyer to make an informed decision.

Seller Disclosure Statement in Georgia Usually a real estate agent will use the Seller's Property Disclosure Statement form prepared by the Georgia Association of REALTORS.

"No Seller Disclosures" means that the seller is selling the property without disclosing any defects or facts that might be necessary for a buyer to make an informed decision. A purchaser should get written permission to bring the purchaser's...

What's in a Typical Disclosure Report roof, foundation, and other structural components. electrical, water, sewer, heating, and other mechanical systems. trees and natural hazards (earthquakes, flooding, hurricanes) environmental hazards, such as lead, asbestos, mold, radon, or contamination by use as a meth lab, and.

Sellers in Georgia do not need to disclose certain things that have happened on the property. For example, the seller does not need to tell a buyer if a diseased person ever lived in the home, or if a homicide, felony, suicide, or any other death occurred there (Georgia Official Code Annotated §44-1-16(a)(1)).

Most states require that you disclose known foundation issues in writing upfront to potential buyers. ... If you aren't upfront and honest with the buyer, they could come back at you later for selling a home with major concerns that you knew about but didn't disclose.