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Real Estate Tips
Disclosure Laws >Potential Problems

Every house has some "quirks", and some have material defects that may affect the sales agreement or the asking price. Placing a less-than-perfect house on the market is fine as long as you and your real estate agent give the buyers information on any "hidden defects".

Most litigation in real estate transactions involves the buyer suing the seller for failure to disclose a problem. Whether it is a leaky roof, dry rot, plumbing or heating problems, or a wet basement, most courts do not apply the "let the buyer beware" rule to real estate transactions. Even if the buyers had a structural inspection and you sold the property "as is," you may be held responsible for undisclosed defects.

Sellers have an obligation to disclose both obvious and hidden defects. Courts have not been sympathetic to sellers who have lived in a house and are in a position to know what works and what doesn't, but do not fully reveal the facts. This is one area where honesty is the only policy. Ask your agent for help if you are unclear about any aspects of the disclosure form.

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Real Estate Trivia
Q 
Which estate has two pools--one on the east side for the morning sun and one on the west for afternoon enjoyment?

A 
The former estate of John Lennon in Palm Beach has two pools plus guest quarters.
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Maggie's Team, REALTOR®, real estate agent and broker for Sarasota, North Port, Port Charlotte, Punta Gorda and Charlotte County, Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

Maggie's Team
RE/MAX Anchor Realty

14806 Tamiami Trail North Port FL,34287
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3941 Tamiami Trail Punta Gorda FL 33950
Office:: (941) -875-4664
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Maggie's Team Specializing in, Sarasota Luxury homes,Florida Luxury Homes,Englewood Homes,REMAX Homes,REMAX foreclosures,Punta Gorda Homes, Punta Gorda real estate, Punta Gorda Homes for Sale, Punta Gorda Foreclosures, Punta Gorda Realtors, Punta Gorda Luxury Homes,Punta Gorda Waterfront Homes,Port Charlotte Homes, Port Charlotte Homes for sale, Port Charlotte Real Estate, Port Charlotte Real Estate For sale, Port Charlotte Foreclosures, Buy Punta Gorda Homes,Buy Port Charlotte Homes now, Nort Port Homes for sale, North Port Homes, North Port Real Estate, North Port Realtors,Venice homes, Venice Real Real Estate, Englewood Homes, Venice Real Estate, Nokomis Real Estate For sale,RE/MAX Realtors, RE/MAX International Listings, FREE MLS Search,Naples Bay colony beach Front condos,Pelican Bay Naples FL Beach Front Condos for sale,Member of National Association of REALTORS RE/MAX Executive Club 2008,2009,2010 Multi-Million Dollar Producer 2008,2009,2010 2008 President's Club - Bronze Award 2009 President's Club - Silver Award Member of: I.R.E.S International Real Estate C.D.P.E. R.E.O. Certified F.S.P. Designation Sales Experience for over 15 Years. RE/MAX Anchor Realty is #1 Awarded by RE/MAX International #1 Broker Owner of the Year for North America#1 RE/MAX Office in Florida Only one real estate company can be #1. Thank you for getting us there. Member: National Association of Realtors, Florida Realtors, Punta Gorda-Port Charlotte-North Port Association of Realtors and the Mid-Florida Regional MLS


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