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Real Estate Tips

Disclosure Laws >Read the Fine Print

Many states require the seller of a home to fill out a real estate disclosure statement when transferring the title. The disclosure is designed to reveal any material defects in the home to the new owner. When buying a home, take the time to read the fine print of the disclosure form.

Look for a section that asks the seller to indicate the material defects that exist in the home's major systems. Most forms will specify interior and exterior walls, ceilings, roof, insulation, windows, fences, driveway, sidewalks, floors, doors, foundation, and the electrical and plumbing systems. As the buyer you will want to know of defects in any of these areas.

Sellers are required to note the presence of environmental hazards or zoning violations. They must disclose if there are any encroachments or easements, or walls or fences shared with adjoining landowners. Room additions or repairs made without the necessary permits or not in compliance with building codes must be noted. Sellers must disclose citations or lawsuits against the property. If any such conditions appear on the disclosure form, consult with your real estate agent immediately regarding how to proceed with negotiation.

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Real Estate Trivia

Q 
What is the highest skyscraper hotel in the world?

A 
The Grand Hyatt Shanhai in Pudong, Shanhai, China occupies the top 35 floors of the 88-story Jin Mao Tower, which at 1,378 feet is the tallest building in China and the third tallest building in the world.
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Dana Hancock, REALTOR®, real estate agent and broker for Jacksonville and St. Johns County, Florida home listings, property and land for sale - NUMBER1EXPERT

Dana Hancock
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12646 San Jose Blvd.
Jacksonville, FL 32223
Phone: 904-287-4252
Toll Free: 866-430-6793
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DanaHancock@comcast.net

As one of the top 5 Realtors in the entire Jacksonville / 5 county area, let my expertise work for you! If you want a top producer that is fun and down to earth, you've come to the right place. I think your home buying and selling process should be a team effort, so I will work for you and with you to make every step as seamless as possible. Listed as a top 10 agent by The Jacksonville Business Journal 2003-2008.

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