Buying a home can be an exciting time for your California family, but when you take this step, it is important to be certain you are not exposing yourself to unnecessary risks. The seller of the property you intend to buy has a legal obligation to inform you of any potential problems, which can save you from expensive and stressful complications in the future.
A real estate purchase is a significant financial and legal step. It is important to know how to protect your interests as you navigate this process, and one of the ways you can do this is by securing the assistance of an experienced legal ally. When it comes to required disclosures and buying a home, you do not have to walk through any step alone.
The obligations of the seller
The law requires that the seller inform the buyer of certain things. This is to protect the seller from issues such as unseen mold problems, flood damage, faulty wiring and more. The seller must do the following things:
- The seller does not necessarily have to go looking for problems, but he or she must inform you of problems or hazards of which he or she is already aware.
- Sellers may not have to fix any problems, as long as the buyer is aware of issue.
- There are certain federal laws that require a seller to disclose the presence or the potential of lead paint in the home.
When you know about problems, you will have a better idea of whether you wish to go through with the purchase of the property. No matter how much you may like a house, there could be unseen problems that could cost you a lot of money and time down the road. It is always prudent to ask questions, request inspections and ensure that you have as much information as possible before you buy a home.
Buy a home; don't buy extra expenses
Many homebuyers make the mistake of assuming they only need a realtor when buying a home. In reality, having the assistance of an attorney as you navigate this process can help you avoid problems and deal with any complications that may arise.
Before you sign on the dotted line, it is prudent to be aware of any risks that could complicate things for you down the road. Disclosures can protect your interests and ensure that your dream home does not eventually lead to nightmare problems.