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Disclosure Laws >Read the Fine Print
Many states require the seller of a home to fill out a real estate disclosure statement when transferring the title. The disclosure is designed to reveal any material defects in the home to the new owner. When buying a home, take the time to read the fine print of the disclosure form.
Look for a section that asks the seller to indicate the material defects that exist in the home's major systems. Most forms will specify interior and exterior walls, ceilings, roof, insulation, windows, fences, driveway, sidewalks, floors, doors, foundation, and the electrical and plumbing systems. As the buyer you will want to know of defects in any of these areas.
Sellers are required to note the presence of environmental hazards or zoning violations. They must disclose if there are any encroachments or easements, or walls or fences shared with adjoining landowners. Room additions or repairs made without the necessary permits or not in compliance with building codes must be noted. Sellers must disclose citations or lawsuits against the property. If any such conditions appear on the disclosure form, consult with your real estate agent immediately regarding how to proceed with negotiation.
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| Q |
What famous American sign was originally erected as a real estate ad?
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| A |
The Hollywood sign, built in 1923, was conceived as a real estate ad that originally read, "Hollywoodland." |
 See More Real Estate Trivia > |
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Ron Karcich
RE/MAX Properties Unlimited
One Madison Ave
Morristown, NJ 07960
Direct: 908-310-6283
Fax: 973-539-6888
RonKarcich@NUMBER1EXPERT.com
Ron Karcich is a knowledgeable, full time agent with 12 years of real estate experience in the areas of sales and management. His strengths lie in negotiation and honesty with his clients. He always puts his clients' best interest above all others.
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NUMBER1EXPERT in real estate for Long Valley, Hackettstown, Mount Olive and Morristown, New Jersey
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