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The McCormick Gregory Team Real Estate PodcastLearn all the tips, tricks and more for buyers and sellers in the Washington D.C. Real Estate Market Author: McCormick Gregory Team
If you are looking to buy or sell a home, get all the information and the latest updates, tips, and tricks from The McCormick Gregory Team- your professional Real Estate Experts. Language: en-us Genres: News Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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How Buyers Are Protected in Our Market
Wednesday, 10 May, 2017
When helping you buy a home, we always want to be sure you’re protected. Here are a few ways we do that. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for sale A buyer of any commodity obviously has to be aware of what they’re buying, but when it comes to real estate in D.C. and Maryland, there are already a lot of protections in place for buyers. As your representative, we want to go above and beyond to make sure you are fully protected throughout the process. In both the D.C. metro and Maryland, there is a required property condition disclosure. The seller fills it out, giving their assessment of the condition of the home. At the bottom of that form, it asks the seller if there are any defects that they would like to point out. The seller typically doesn’t put anything down, then signs. If you find out down the line that something is wrong with the home and they knew about it, having their signature on that disclosure is key. Sellers are required to disclose any known defects up-front. When we write an offer for you, the first thing we do is show you these disclosures so we can work what the sellers have to say about the condition of their own homes. We also have disclosures for lead-based paint and radon. We can get you the information on property taxes and utility costs as well. We will also add extra protection to the contract including an inspection contingency and an appraisal contingency. These are just some of the additional protections we put in the contract for you. All in all, always be aware that we are taking care of you to the full extent of the law and our expertise. If you have any questions about this topic or anything else relating to real estate, give me a call or send me an email. I would love to hear from you.
