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Real Estate Tips
Disclosure Laws >Full Disclosure
You are about to list your home. Since you have lived there for many years, you know that it is not perfect. For example, there might be a leak in the basement that is noticeable only after a heavy rain. Your garage door might stick, and the dishwasher may be prone to work stoppages.
Every home has a few quirks. When it is time to sell your home, you have a choice of either making the necessary repairs or letting the buyers know about the problems. Material defects must be fully disclosed.
Some buyers will order a structural inspection in order to learn exactly what they will be getting. Even if the buyers don't ask for an expert to look at the house, it is the seller's responsibility to disclose any known defects in the property. The seller's agent will provide the disclosure form, wherein the seller may itemize any problems. Sellers may avoid any real estate lawsuits over undisclosed defects by making repairs before the sale or agreeing to a price adjustment during the transaction if defects are discovered.
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Real Estate Trivia
| Q |
What is the least affordable metropolitan housing market in the United States?
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| A |
California's Los Angeles-Long Beach-Glendale is currently rated as the most expensive metro area in the nation. |
See More Real Estate Trivia > |
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Elizabeth Brien The Charles Reinhart Company Realtors 2355 W. Stadium Ann Arbor, MI. 48103 Elizabeth Cell: 734.645.4444 Bruce Cell: 734.476.1103 Office Direct: 734.669.5989 Office Switch: 734.665.0300 Fax: 734.769.8271 Email: brienteam@elizabethbrien.com
Elizabeth Brien is a dedicated champion for the achievement of the dreams and goals of her clients and their families. Elizabeth's keen ability to establish relationships with her clients, her vast marketplace knowledge,
and her focus and effort, have resulted in a significant list of satisfied, and often repeat, clients. Elizabeth has over 28 years of experience throughout the entire residential market - new construction and re-sale of homes, condos and income properties. With over $48 million in sales in 2011, and $709 million in career sales, Elizabeth Brien was again the top-selling realtor in Washtenaw County and The Charles Reinhart Company in 2011. Please contact Elizabeth for information concerning the Ann Arbor and greater Washtenaw County areas, and for assistance in buying or selling a home in Ann Arbor, Saline, Dexter, Chelsea or any other part of Washtenaw County. She'll be happy to help in any way she can. 

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