House Buyers Beware, 5 Things Sellers Don’t Tell Buyers
House Buyers Beware, 5 Things Sellers Don’t Tell Buyers. So, you have finally found that house and you are ready to make an offer and sign the dotted line. Well, don’t call the mover’s just yet. Your dream home for sale in Dallas, Texas can turn out to be your worst nightmare if the seller failed to disclose a cracked house foundation, or a pest infestation. Now, if you failed to noticed that after the closing, this will all fall on you. Here are five things sellers commonly try to hide during the sales process and questions you can ask the seller.
…leaky faucets, radiators, ceilings, roof’s you name it, real estate agents, brokers and sellers themselves might try to temporarily plug that drip to attract offers. Honesty is always the best policy. Admitting your property’s faults can actually work in your favor. Real estate agents are aware of the leaks, falling down ceiling, roof problem etc…simply to get offers, sell the house and earn their big commission. Leaks are very common, but can easily be fixed before closing.
Don’t judge a book by its cover or a house by its pretty wallpaper or curb appeal. A house that looks beautiful could still have termites eating away inside the walls, and Texas Real Estate Disclosure Laws about pests vary from state to state. Michigan, North Carolina, and Texas require that sellers tell buyers about potential infestations during the sales process. If you have a sneaking suspicion there are pest taking up residence in your new home, don’t it -risk – schedule a pest inspection before closing. House Buyers Beware, 5 Things Sellers Don’t Tell Buyers
Depending on the state, sellers don’t have to disclose if a property is haunted or if “emotional defects” such as a death or murder occurred there. In 2014, the Pennsylvania Supreme Court ruled in favor of the real estate team that sold a house and did not tell the buyer it had been the site of a murder suicide in 2006. This may not be a deal breaker for you, but you do have a right to know. At least in some states. If local laws don’t require a reveal, websites like Diedinhouse.com can give you peace of mind.
Issues with the Roof or Foundation
Look at the foundation on the inside and outside. Do you see cracks in the walls? If so, it could cost you thousands of dollars to repair if you close on the house in it’s as-is-condition. Get the inspection on the foundation.
Do you smell mold in the basement or garage? Ask the owner/seller if he/she would cut a small section of sheet rock to check sheet rock for the source of smell, like any any moisture. Remember, if it smells like mold, there is mold.
Age of Home Systems
Real estate agents work with many sellers who try to hide the ages of water heaters, HVAC systems with two simple words :Don’t know:. A home inspector can find out that information very quickly. So when in doubt, ask your inspector to look into it. And before you even get to the inspection stage, the property disclosure report can be telling.