04 2024
When someone tries to buy or sell a property, the buyer and the seller must provide disclosures to the other party as the laws require. Failing to do this and having a case regarding this in the future can result in legal problems. To inform everyone more about property disclosure, we gathered some information. Throughout this article, we will go over the common disclosures that every person should pay attention to and how Atlanta Property Inspection can help.
Some disclosure requirements and laws are different in different states. One of these laws is death in the home. If a person dies due to natural causes, suicides, or accidents that are unrelated to the property, a seller doesn’t have to disclose the information. However, if the death is related to crimes or due to the condition of the house, the information has to be disclosed.
One of the disclosures that almost every state requires is the repair history of a house. This is also a very important way to know the condition of a house and be able to take action. Some states, like Texas, require structural repairs, and to the outside, looks must be reported. For example, any repairs to the roof, fences, foundation, floor, sidewalks, electrical and plumbing system, and fault lines must be reported.
Water Damage
Water damage is important because it can result in health hazards, personal possession damage, mold growth, and movement of the home’s structure and foundation. The damage a water can do to a house is unimaginable. In states like Michigan, the seller is required to disclose any damage that has been done by water. This can be leaks, damage from floods, water in the basement, and much more. Many problems, like water damage, can result in hazards. Let’s go over more of them in the next section.
Some states require sellers to disclose information about the presence of toxic and hazardous items. These can range from items containing asbestos, lead-based paint, toxic waste, and many more. This is to protect the buyers from mindlessly buying a house. Other actions like having a property in flood and having structures containing asbestos, fuel, oil, and other substances leaked on the property also require it to be disclosed.
Lastly, some states like Texas require the seller to disclose information about the list of items a house contains and their condition. If, when you move into a house, you don’t see any items that should be on the list, this can be used for legal procedures. You can also talk about the items that you want to be contained in the house in advance by the homeowner.
At Atlanta Property Inspection, we are here to provide honest and trustworthy home inspection services to our customers. With affordable price plans, exceptional customer service, and experienced home inspectors, we are always at your service. Call us today to learn more about us and our services.