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Here are eight common real estate seller disclosures to be aware of, whether you're on the buyer's side or the seller's side.Death in the Home.Neighborhood Nuisances.Hazards.Homeowners' Association Information.Repairs.Water Damage.Missing Items.Other Possible Disclosures.
Home inspection cost based on the size of your house:Home inspection cost (0-2,000 square feet): $250 to $350. Home inspection cost (2,000-4,000 square feet): $350 to $450. Home inspection cost (4,000 square feet): $450 to $600.
Home inspections can uncover potentially life-threatening problems like mold or faulty wiring that could cause a significant fire. Most potential buyers have a seven-day window after a home inspection to walk away from the purchase. A thorough inspection is a critical step in purchasing a home.
Although Georgia's statutes do not require sellers to fill out a disclosure form, Georgia courts have stated that home sellers must inform buyer about any latent or known material (important) defects in the condition of the home.
Although Georgia's statutes do not require sellers to fill out a disclosure form, Georgia courts have stated that home sellers must inform buyer about any latent or known material (important) defects in the condition of the home.
But, there are 12 states that are still considered non-disclosure: Alaska, Idaho, Kansas, Louisiana, Mississippi, Missouri (some counties), Montana, New Mexico, North Dakota, Texas, Utah and Wyoming. In a non-disclosure state, transaction sale prices are not available to the public.
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.
Although Georgia's statutes do not require sellers to fill out a disclosure form, Georgia courts have stated that home sellers must inform buyer about any latent or known material (important) defects in the condition of the home.
Unless the house seller is also the house builder, the answer is Generally no. Fortunately for sellers, the law in Georgia protects home owners who sell their house to people who later suffer from buyers remorse and want to sue them to rescind the sale.