When interested in buying a Lehigh Valley Home, the Sellers Property Disclosure is a crucial item. What can the Home Seller tell you about the property?
Some of the following questions are asked/answered on the Sellers Property Disclosure:
- How old is the roof?
- Does the basement get water?
- Has there ever been any structural problems?
The Property Disclosure is typically a 5-6 page document and considered a mandatory form when making an offer on a home. The answers to these questions may affect the negotiations and terms of the contract.
The Home Seller should fill out the Property Disclosure to the best of their knowledge. Known problems with the house need to be disclosed by the Lehigh Valley Home Seller. It can avoid a potential lawsuit later.
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