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Welcome to Vivian Bell's Austin, Round Rock and Pflugerville Real Estate Website

Welcome! Here You Can Find Great Information on Austin, Round Rock and Pflugerville, Texas Real Estate

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Disclosure Laws >Defects Must Be Revealed

Disclosure laws make it important to reveal all material defects when you are selling a home. It is important to be absolutely candid with your agent and all buyers about the condition of the property. If there is anything wrong with the roof, the plumbing, the wiring or structure, it will probably not remain a "sleeping dog". The problem will probably wake up, snarl, growl and snap at your ankles at the precise moment your buyers feel their first stirring of buyers' remorse.

It is unlikely that defects will go undetected, because most buyers get a home inspection before they are contractually obliged to complete the purchase. Even if the problems do not surface before the closing, your liability does not end after the closing for any defects you may have forgotten to report. Buyers almost never accept misrepresentation graciously, but they can usually deal with a house that is short of perfection if they know what they are getting into from the beginning. When selling your home, your real estate agent will provide you with a seller's disclosure form. Protect yourself by clearly describing any material defects prior to the sale.

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Q	What mortgage transactions between borrowers and lending institutions operate in the private sector of the economy?
A	Conventional mortgages are private sector transactions that are not insured or guaranteed by the government.
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Vivian Bell, REALTORŽ, real estate agent and broker for Austin, Round Rock and Pflugerville, Texas home listings, property and land for sale

Vivian Bell
Alpha Omega Properties
P.O. Box 200400
Austin, TX 78720-0400
512-335-8708
Fax: 512-251-9224
vivianbell@BestImageAgent.com

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