Seller Disclosure Report Can Be Red Flag

Buying a home can be compared to falling in love. First start dating and you overlook some critical flaws. Some that flaws that could slowly crack away at your relationship in the future, causing heartbreak and be quite costly.

Pay a lot of attention to all details of the Seller Disclosure Report, be careful not to overlook some major red flags during the process, including some that are spelled out for you.

KEY TAKEAWAYS:

  • If the problems are structural in nature or unable to be fixed, it may be best to walk away
  • Sometimes you’re simply too enamored of your soon-to-be abode
  • By law, sellers must disclose all they know about the property

“It’s not a hard and fast rule that you should dig deeper into what a seller or inspector means when they say “small roof leak” or “a few roof tiles missing”.

Original Source: http://www.forbes.com/sites/trulia/2016/08/16/could-you-spot-these-8-red-flags-on-a-seller-disclosure-report/

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