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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 |
What is the world's longest frontier?
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| A |
At 3,987 kilometers (3,987 miles), the border between Canada and the U.S. is the longest in the world. |
 See More Real Estate Trivia > |
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Darryl Cherniss
Cherniss Group
Keller Williams Realty
439 N. Canon Drive, Penthouse
Beverly Hills, CA 90210
Direct: 877-229-0094
Fax: 310-432-6401
Mobile: 310-614-6106
AIM/Skype: ChernissGroup
Email: info@chernissgroup.com
Not all agents are created equal. You will see difference and results with my experience combined with my talented team of agents at the Cherniss Group. We strive in service and professionalism. We look forward to working with you.   
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