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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 and when was the first motel introduced on the American commercial real estate scene?

A 
The first motel, appropriately named the "Motel Inn", opened in San Luis Obispo in 1925.
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The Lichter Team, REALTOR®, real estate agent and broker for Omaha, Papillion and Bellevue, Nebraska home listings, property and land for sale - NUMBER1EXPERT(tm)

The Lichter Team
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16909 Lakeside Hills Plaze, Suite 119
Omaha, NE 68130
Linda Ciochon-Lichter: 402-680-2875
Pat Lichter: 402-681-0300
Heather Bullard: 402-960-2444
Amanda Casson: 402-680-1968
TheLichterTeam@NUMBER1EXPERT.com

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