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When you're serious about buying or selling a home, make your next move your best move with Kelli Sheppe - Charlotte's Best Move. 704-533-2860.

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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 
In which 'Oil Sheikdom' of the Far East do the wealthy still choose to live in primitive houses on stilts?

A 
Brunei's oil wealth results in no income tax, free education and health services, and cheap housing loans for its average citizen.
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Kelli Sheppe and Michael Fournier, REALTOR®, real estate agents and broker for Charlotte, Matthews and Ballantyne, North Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

Kelli Sheppe and Michael Fournier
Helen Adams Realty

15235 John J. Delaney Drive
Charlotte, NC. 28277
Direct:: 704-533-2860
Office: 704-541-9009
Toll Free:: 888-533-2860
Fax:: 866-836-5974
Michael: Michael@LivingCharlotte.com
Kelli: Kelli@LivingCharlotte.com

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