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Buyers Want Your Home for as Little as Possible.
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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 
Where is the world's largest industrial building located?

A 
The single largest industrial structure is the container freight station of Asia Terminals Ltd in Hong Kong. It is 359 feet high, with 15 levels.
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Leslie Benczik, REALTOR®, real estate agents and broker for Markham, Unionville and Stouffville, Ontario home listings, property and land for sale - NUMBER1EXPERT(tm)

Leslie Benczik, Broker
RE/MAX All-Stars Realty Inc., Brokerage

4592 Highway 7 East
Unionville, ON. L3R 1M5
Phone: 905.477.7766
Downtown Toronto Direct: 416.597.0077
Toll Free: 1.888.762.7081
Fax: 905.477.0566
Email: Rachel@GetBenczik.com

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‡Leslie Benczik, Susan Taylor, Rachel O'Hearn, Alon Hillel, Rosemary Mauro, Tiffany Lee & Frances Kwong

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