Atria Real Estate February 8, 2023
Today is the third instalment of our Buy Your Dream Home Series and we'll discuss disclosures.
If you are serious about a particular property, you can request a disclosure package from the listing agent. These disclosures are your opportunity to review general information regarding the property prior to writing an offer. Both the seller and listing agent are required to disclose all material facts they know about the property so you are aware of anything that might affect your decision to buy the home.
There are several types of general disclosures, all of which we've listed below:
These are questionnaires completed by the Seller about the property.
Provided by the Title Company, this report shows ownership of the parcel, as well as any liens and encumbrances thereon which will not be covered under a subsequent title insurance policy.
This report examines the overall functionality and condition of the home including appliances, mechanical, plumbing, and electrical systems.
This report examines structural damage due to wood boring beetles, termites, and dry rot.
It is required for both the listing and selling agents to complete a visual inspection of the property.
This report details how the property might be affected by natural hazards like an Earthquake, Wildfire, Tsunami or Flood based on its specific location.
You’ve got questions and we can’t wait to answer them.