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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 
What is the world's oldest wooden structure?

A 
The oldest wooden buildings are the Pagoda, Chumanar Gate and Temple of Horyu in Nara, Japan, dating from A.D. 670.
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Debbie Phipps, REALTOR®, real estate agent and broker for Newark, Wilmington and Middletown, Delaware home listings, property and land for sale - NUMBER1EXPERT

Debbie Phipps
Keller Williams

56 West Main Street
Newark, DE 19702
Direct: 302-737-6434
Fax: 302-738-4200
debbiephipps@NUMBER1EXPERT.com
dsphipps@aol.com

I have been a Realtor for 23+ years and I am in the Top 3% of all Realtors in New Castle County. I am also the top agent in my office. I have been awarded the prestigious 5 Star Professional Award which was announced in the November issue of the Delaware Today Magazine. I have carefully put together a very high performing team with a vision of customer service driven performance blended with old fashioned hard work and values along with the latest in technology. Each member brings multiple expertises, designations and specialties in our Tri-State marketplace. Always working with their client's best interest in mind, each Team Member dedicates themselves to honesty, integrity and the education of every aspect of their profession.

CRS ABR REALTOR Equal Housing MLS


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