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Property disclosures: The facts

Property disclosures: The facts

If you’re considering selling your home with out the use of a realtor, then you need to understand that there are conditions backed by laws of the state and federal government governing the sale of your home. By following the rules and regulations you will save yourself money, time and later possible unpleasant legal ramifications. All of these conditions must be investigated and settled before you attempt to advertise your home for sale. Ideally make sure you understand first the full responsibility of selling your home independently before you place your home on the open market, and realize that this is the first step in the process of home selling.

Most states in the US require that if you’re selling your home whether through a real estate agent or as a FSBO (For Sale by Owner) you must give to a potential home buyer a Seller Disclosure of Property Conditions form. This form discloses information about your property that would affect the living conditions or the resale able value of the home. Disclosure of property conditions includes any past or current problems with the property. Check out the different categories of property disclosure, and make sure that you list the necessary information required under each one. This list may or may not include issues that you would need to be concerned about, so make sure to check with your state and local agencies for complete information.

• House Systems – Includes areas such as plumbing, electrical, appliances, doors and windows, security system, pool, sprinklers, sump pumps, cooling and heating. • Foundations/Structures/ Basements – Includes leaking and repair issues and drainage problems surrounding the house. • Roof – Includes age, leaking and repair issues, second and new roof installation, time frame of roof repairs, and when or how often the roof leaks. • Land/Drainage – Includes soil permeability issues such as drainage or flooding problems, or are there any other water sources such as a lake, spring or creek. • Boundaries – Includes survey issues such as boundaries of property line, markage of known property lines by what means, such as moveable property stakes as rocks or trees. The allowable property easements for your area, as well as any other obstructions to property such as encroachments by other property owners. • Water – Includes source of water and water pressure issues, and purification systems and tests conducted on water quality. • Sewer System – Includes how property is serviced for sewage waste, such as septic, public utilities or cess pool. Dates of inspection and known sewer problems. • Construction/Remolding – Includes information on any new buildings or remolding to existing structure, and the necessary building permits. • Homeowner’s Association – Includes information of any homeowner’s association rules and guidelines. • Miscellaneous – Includes many areas to numerous to list, but some areas of information encompasses testing for radon gases, termite damage, abandoned under ground storage areas such as septic tanks or cisterns. Issues such as warranties, legal actions, or weather related damage such as tornadoes.

Just as important as you’re state and local laws is the federal laws that regulate selling your home. Two issues of primary importance are disclosing lead paint and the conformity to the fair housing laws. According to federal law you must disclose if your home was built or remodeled before 1978. This law was passed and is now enforced by the EPA (Environmental Protection Agency) because of test results that show that lead based paints can cause detrimental affects on human health, especially in babies and small children. Lagging mental function and stunted growth can occur if sufficient amounts of lead based paints are consumed or particles inhaled. Disclosure of test results and the opportunity to test is federal law. Also, fair housing laws require adherence to the selling of your house, although if selling as FSBO the regulations are a bit more lax. The Fair Housing Act, under the Civil Rights Act of 1968, requires that sellers may not discriminate when selling a property. Discrimination is not allowed based on race, color, national origin, religion, sex, familiar or handicapped status.

Another area to consider before you advertise your house for sale is how to weed out the lookers among the potential serious buyers for your home. Many FSBOs can request that buyers become pre-approved by a financial institution before a bid will be accepted. During the home tour you can set parameters too by inquiring on the buyer’s ability to quickly obtain financing. You might not want to wait while they must sell their house first in order to buy your house in a timely manner.

Sticky decisions concerning the contract should fully spell out the conditions of the sale, such as any deposits that are required and the ability of the buyer to have their deposit returned. Protection is provided to both when a contract is clearly written for both parties, as for example the ability of you to keep any monies from a buyer that backs out because of an unjust cause. Always make sure to consult an attorney when writing up your contract to sell your home. Remember too that laws fluctuate from state to state and being prepared is the best defense against an unsold home.

Sandy Springs Real Estate

New Listing - 4 weeks online
$1,239,000
Single Family Home For Sale
Active Under Contract
6
BED
7
TOTAL BATHS
7,443
SQFT
720 Glengate Place
Sandy Springs, GA 30328
Gates at Glenridge Subdivision
$509,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,697
SQFT
6560 Williamson Drive
Sandy Springs, GA 30328
Mt Vernon Woods Subdivision
$1,055,000
Single Family Home For Sale
Pending
6
BED
6
TOTAL BATHS
5,000
SQFT
6463 Canopy Drive
Sandy Springs, GA 30328
Aria Subdivision
$856,310
Townhouse For Sale
Pending
3
BED
5
TOTAL BATHS
3,885
SQFT
Aria #255
6785 Prelude Drive
Sandy Springs, GA 30328
$379,900
Condo For Sale
Pending
1
BED
2
TOTAL BATHS
1,121
SQFT
Aria #653
6615 Sterling Drive Drive
Sandy Springs, GA 30328
$277,900
Condo For Sale
Pending
2
BED
2
TOTAL BATHS
1,107
SQFT
Serrano #5020
901 Abernathy Road
Sandy Springs, GA 30328
Price Change - a week ago
$628,004
Townhouse For Sale
Pending
3
BED
4
TOTAL BATHS
2,148
SQFT
Aria #279
6831 Prelude Drive
Sandy Springs, GA 30328
$835,000
Townhouse For Sale
Pending
4
BED
4
TOTAL BATHS
3,615
SQFT
6408 Radiant Trace
Sandy Springs, GA 30328
ARIA Subdivision
$155,000
Condo For Sale
Pending
3
BED
2
TOTAL BATHS
1,469
SQFT
Foxcroft #Q17
6851 Roswell Road NE
Sandy Springs, GA 30328
Price Change - 3 weeks ago
$119,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
797
SQFT
Foxcroft #B8
6851 Roswell Road NE
Sandy Springs, GA 30328
$1,195,000
Single Family Home For Sale
Pending
6
BED
6
TOTAL BATHS
4,051
SQFT
6394 Lucent Lane
Sandy Springs, GA 30328
Aria Subdivision
New Listing - 2 weeks online
$259,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,002
SQFT
Serrano #3070
901 Abernathy Road NE
Sandy Springs, GA 30328
Price Change - 2 weeks ago
$209,900
Condo For Sale
Active
3
BED
2
TOTAL BATHS
1,469
SQFT
Foxcroft #E-3
6851 Roswell Road
Sandy Springs, GA 30328
New Listing - 7 days online
$218,900
Condo For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,469
SQFT
Foxcroft Condos #D24
6851 Roswell Road
Sandy Springs, GA 30328
New Listing - 3 days online
$193,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,253
SQFT
Foxcroft #A24
6851 Roswell Road
Sandy Springs, GA 30328
New Listing - 4 days online
$187,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,206
SQFT
Foxcroft #D30
6851 Roswell Road
Sandy Springs, GA 30328
New Listing - 2 weeks online
$120,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
797
SQFT
Foxcroft #O7
6851 Roswell Road
Sandy Springs, GA 30328
$139,900
Condo For Sale
Pending
1
BED
1
TOTAL BATHS
797
SQFT
Foxcroft #G3
6851 Roswell Road
Sandy Springs, GA 30328
$120,000
Condo For Sale
Pending
1
BED
1
TOTAL BATHS
797
SQFT
Foxcroft #O-2
6851 Roswell Road
Sandy Springs, GA 30328
$149,900
Condo For Sale
Active
1
BED
1
TOTAL BATHS
711
SQFT
514 Granville Court
Sandy Springs, GA 30328
The Granville Subdivision
New Listing - 4 weeks online
$460,000
Townhouse For Sale
Active Under Contract
3
BED
4
TOTAL BATHS
2,030
SQFT
305 Alderwood Lane
Sandy Springs, GA 30328
Alderwood on Abernathy Subdivision
$1,499,000
Single Family Home For Sale
Active
5
BED
5
TOTAL BATHS
5,306
SQFT
6526 Cherry Tree Lane
Sandy Springs, GA 30328
Mount Vernon Woods Subdivision
$156,000
Townhouse For Sale
Pending
2
BED
2
TOTAL BATHS
1,088
SQFT
Raleigh Square #26C
6700 Roswell Road
Sandy Springs, GA 30328
Price Change - 2 weeks ago
$174,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,026
SQFT
Raleigh Square #28G
6700 Roswell Road
Sandy Springs, GA 30328
New Listing - 2 weeks online
$162,400
Townhouse For Sale
Active
2
BED
2
TOTAL BATHS
1,088
SQFT
Raleigh Square #25F
6700 Roswell Road
Sandy Springs, GA 30328
Price Change - 6 days ago
$344,990
Townhouse For Sale
Active
3
BED
3
TOTAL BATHS
1,856
SQFT
857 Perennial Drive
Sandy Springs, GA 30328
Promenade at Northplace Subdivision
$289,000
Condo For Sale
Pending
2
BED
2
TOTAL BATHS
1,160
SQFT
Promenade At Northplace #31
6467 Chariot Street
Sandy Springs, GA 30328
New Listing - 2 weeks online
$290,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,160
SQFT
6472 Chariot Street
Sandy Springs, GA 30328
Promenade at Northplace Subdivision
New Listing - 4 weeks online
$311,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,160
SQFT
6405 Paulson Place
Sandy Springs, GA 30328
Promenade at Northplace Subdivision
$169,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,000
SQFT
The Arbors At Sandy Springs #17C
6940 Roswell Road
Sandy Springs, GA 30328
New Listing - 4 days online
$175,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,000
SQFT
Arbors At Sandy Springs #13A
6940 Roswell Road
Sandy Springs, GA 30328
$185,000
Condo For Sale
Active Under Contract
2
BED
3
TOTAL BATHS
1,323
SQFT
Highgate At Sandy Springs #N4
6900 Roswell Road
Sandy Springs, GA 30328
$198,900
Condo For Sale
Pending
2
BED
2
TOTAL BATHS
1,228
SQFT
Stone Manor #D8
6980 Roswell Road
Sandy Springs, GA 30328
New Listing - a week online
$230,000
Condo For Sale
Active
3
BED
3
TOTAL BATHS
1,632
SQFT
Stone Manor #M3
6980 Roswell Road NE
Sandy Springs, GA 30328
$199,000
Condo For Sale
Pending
2
BED
2
TOTAL BATHS
1,228
SQFT
Stone Manor #C7
6980 Roswell Road
Sandy Springs, GA 30328
New Listing - 4 days online
$199,000
Condo For Sale
Active
3
BED
3
TOTAL BATHS
1,632
SQFT
Stone Manor #A6
6980 Roswell Road
Sandy Springs, GA 30328
New Listing - 2 days online
$499,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,413
SQFT
230 Brook Drive
Sandy Springs, GA 30328
Sunny Brook Subdivision
New Listing - 4 weeks online
$215,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,330
SQFT
501 Abingdon Way
Sandy Springs, GA 30328
Oaks of Dunwoody Subdivision
New Listing - 3 weeks online
$209,800
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,330
SQFT
504 Abingdon Way
Sandy Springs, GA 30328
Oaks of Dunwoody Subdivision
$1,300,000
Single Family Home For Sale
Active
5
BED
6
TOTAL BATHS
5,000
SQFT
6695 Wright Road
Sandy Springs, GA 30328
 
$649,000
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,860
SQFT
6205 Aberdeen Drive
Sandy Springs, GA 30328
Aberdeen Forest Subdivision
$675,000
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
3,305
SQFT
7065 Glenridge Drive
Sandy Springs, GA 30328
Spalding Woods Subdivision
New Listing - 2 weeks online
$475,000
Townhouse For Sale
Active Under Contract
3
BED
4
TOTAL BATHS
3,064
SQFT
382 The Chace
Sandy Springs, GA 30328
AUTUMN CHACE Subdivision
$385,000
Townhouse For Sale
Active
3
BED
3
TOTAL BATHS
1,912
SQFT
325 The Chace NE
Sandy Springs, GA 30328
Autumn Chace Subdivision
New Listing - 3 weeks online
$1,249,900
Single Family Home For Sale
Active Under Contract
5
BED
6
TOTAL BATHS
4,687
SQFT
6690 Wright Road
Sandy Springs, GA 30328
 
Price Change - 4 weeks ago
$135,000
Multi-Family For Sale
Active
FULTON
COUNTY
300 Johnson Ferry Road
Sandy Springs, GA 30328
Mount Vernon Tower Subdivision
$139,900
Condo For Sale
Active
1
BED
1
TOTAL BATHS
760
SQFT
Mount Vernon Towers #B1005
300 Johnson Ferry Road NE
Sandy Springs, GA 30328
Price Change - 4 weeks ago
$135,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
760
SQFT
Mount Vernon Tower #B612
300 Johnson Ferry Road NE
Sandy Springs, GA 30328
New Listing - a week online
$159,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
760
SQFT
Mount Vernon Towers #B708
300 Johnson Ferry Road NE
Sandy Springs, GA 30328
$219,000
Condo For Sale
Active
2
BED
3
TOTAL BATHS
1,474
SQFT
7150 Stonington Drive
Sandy Springs, GA 30328
Stonington Subdivision
New Listing - 3 weeks online
$284,969
Condo For Sale
Pending
2
BED
3
TOTAL BATHS
1,366
SQFT
104 Mount Vernon Circle
Sandy Springs, GA 30338
Mount Vernon Plantation Subdivision
$585,000
Land For Sale
Pending
4
BED
3
TOTAL BATHS
745 Glenairy Drive
Sandy Springs, GA 30328
Aberdeen Forest Subdivision
$429,325
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,321
SQFT
The Dunhill #101
6890 Peachtree Dunwoody Road
Sandy Springs, GA 30328
$445,685
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,404
SQFT
The Dunhill #303
6890 Peachtree Dunwoody Road
Sandy Springs, GA 30328
$448,750
Condo For Sale
Pending
2
BED
2
TOTAL BATHS
1,350
SQFT
The Dunhill #402
6890 Peachtree Dunwoody Road
Sandy Springs, GA 30328
$445,000
Condo For Sale
Pending
2
BED
2
TOTAL BATHS
1,447
SQFT
The Dunhill #305
6890 Peachtree Dunwoody Road
Sandy Springs, GA 30328
$419,900
Condo For Sale
Pending
2
BED
2
TOTAL BATHS
1,350
SQFT
The Dunhill #202
6890 Peachtree Dunwoody Road
Sandy Springs, GA 30328
$447,040
Condo For Sale
Pending
2
BED
2
TOTAL BATHS
1,380
SQFT
The Dunhill #204
6890 Peachtree Dunwoody Road
Sandy Springs, GA 30328
New Listing - 4 days online
$365,000
Condo For Sale
Active
1
BED
2
TOTAL BATHS
970
SQFT
Aria #64
6738 Cadence Boulevard
Sandy Springs, GA 30328
Price Change - 4 days ago
$450,000
Condo For Sale
Active
1
BED
3
TOTAL BATHS
1,615
SQFT
Aria #33
6719 Cadence Boulevard
Sandy Springs, GA 30328