Real Estate Affiliates in Virginia Beach, Chesapeake and Norfolk, Virginia Provided by Judy Reed

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School Reports in Virginia Beach, Chesapeake and Norfolk, Virginia

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Disclosure Laws >Potential Problems

Every house has some "quirks", and some have material defects that may affect the sales agreement or the asking price. Placing a less-than-perfect house on the market is fine as long as you and your real estate agent give the buyers information on any "hidden defects".

Most litigation in real estate transactions involves the buyer suing the seller for failure to disclose a problem. Whether it is a leaky roof, dry rot, plumbing or heating problems, or a wet basement, most courts do not apply the "let the buyer beware" rule to real estate transactions. Even if the buyers had a structural inspection and you sold the property "as is," you may be held responsible for undisclosed defects.

Sellers have an obligation to disclose both obvious and hidden defects. Courts have not been sympathetic to sellers who have lived in a house and are in a position to know what works and what doesn't, but do not fully reveal the facts. This is one area where honesty is the only policy. Ask your agent for help if you are unclear about any aspects of the disclosure form.

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Q	The upper walls of what famous holy temple are lined with gold?
A	The Golden Temple in Amritsar, India is the most sacred temple and spiritual center of the Sikhs.
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Judy Reed, REALTOR®, real estate agent and broker for Virginia Beach, Chesapeake and Norfolk, Virginia home listings, property and land for sale - NUMBER1EXPERT™

Judy Reed
RE/MAX Allegiance
505 South Independence Blvd., Suite 109
Virginia Beach, VA 23452
757-287-2717
Fax: 757-233-1498
judyreed@NUMBER1EXPERT.com
#I am known for my STABILITY, EXPERIENCE and RELATIONSHIPS!!! I work on a friendly, personal level. I believe it is important to give the best possible personal and professional service in today's market. I work with all my clients on a one-on-one basis. I exhibit a friendliness that generates lots of repeat business and referrals. I DELIVER RESULTS! PERIOD.

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