@@RebeccaValera got caught with a hot potato when I bought my condo. Seller didn’t disclose that the convector units were not adequately maintained causing massive water leak damage. Can I sue the seller and his agent?
We bought a 600K home one year ago and NEVER HEARD of a sellers disclosure and found out recently ,we are in a red flood zone, and required to get flood insurance and the excess water will cause damage. What do we do? The city government was aware of this as well as the sewer company , everyone knew but us . The seller was a Lawyer!
Bank (if you used) should have caught that. When it was appraised, they would have found it and either mandated the extra insurance or not financed the purchase..IMO. End of the day, you signed the papers unfortunately.
It's about 135 pages that you would go through with the escrow officer (for a mortgage, not cash transaction) a few pages at a time. Some of them are a copy for the title company and another copy for the lender. Its a lot of paperwork that you go through at closing. Which is why it's good to ask questions and try and read through some of the documents.
What if a seller makes a disclosure where they state 'No changes have been made by us' re: under the heading improvements, permit requirements etc; when quite clearly they have from evidence of the house on google maps in 2022, is that misinterpretation?
I’m not a lawyer. But if the seller did made changes and a buyer can prove that those changes were made while they were the owners of the property they might be in some hot water, especially if they are caught lying. There are some instances however to where permits and changes were made before they even owned the property and that they are unaware of. This sounds more like what you may be describing happened. This is where changes and buying a home with no permits pulled gets messy.
If the home is bought “as-is” here in Texas it’s still required for the seller to have a sellers disclosure with it (there are a few exceptions to this, so you will need to double check this with your agent). You are still allowed to do inspections and your due diligence as well.
What was it at the very end that Paula Hester said about the charge for a Property Profile she'd run for Rebecca's sellers? .. She said the sellers could leave the brochures in their home for buyers to view and then said 'no charge 'em' or some statement that was hard to understand.
Great video. Whether buying or selling real estate, don’t ask a Real estate agent for advise…ask a lawyer!!
Absolutely!! We may know some of the nuances, but it’s ALWAYS best to seek legal advice from a lawyer.
@@RebeccaValera got caught with a hot potato when I bought my condo. Seller didn’t disclose that the convector units were not adequately maintained causing massive water leak damage. Can I sue the seller and his agent?
We bought a 600K home one year ago and NEVER HEARD of a sellers disclosure and found out recently ,we are in a red flood zone, and required to get flood insurance and the excess water will cause damage. What do we do? The city government was aware of this as well as the sewer company , everyone knew but us . The seller was a Lawyer!
Bank (if you used) should have caught that. When it was appraised, they would have found it and either mandated the extra insurance or not financed the purchase..IMO. End of the day, you signed the papers unfortunately.
135 pages? For a residential sale? What?
It's about 135 pages that you would go through with the escrow officer (for a mortgage, not cash transaction) a few pages at a time. Some of them are a copy for the title company and another copy for the lender. Its a lot of paperwork that you go through at closing. Which is why it's good to ask questions and try and read through some of the documents.
thank you Rebecca
What if a seller makes a disclosure where they state 'No changes have been made by us' re: under the heading improvements, permit requirements etc; when quite clearly they have from evidence of the house on google maps in 2022, is that misinterpretation?
I’m not a lawyer. But if the seller did made changes and a buyer can prove that those changes were made while they were the owners of the property they might be in some hot water, especially if they are caught lying. There are some instances however to where permits and changes were made before they even owned the property and that they are unaware of. This sounds more like what you may be describing happened. This is where changes and buying a home with no permits pulled gets messy.
What if you have these bought 'as is'?
If the home is bought “as-is” here in Texas it’s still required for the seller to have a sellers disclosure with it (there are a few exceptions to this, so you will need to double check this with your agent). You are still allowed to do inspections and your due diligence as well.
Can you renegotiate after the offer given before the closing?
@@RebeccaValera thanks
What was it at the very end that Paula Hester said about the charge for a Property Profile she'd run for Rebecca's sellers? .. She said the sellers could leave the brochures in their home for buyers to view and then said 'no charge 'em' or some statement that was hard to understand.
Good stream Rebecca. Thumbs up from a fellow creator 😅
There are many title companies WHO DO NOT ENCRYPT!!!! SHAME ON THEM!