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This is the document on which is identified the condition of the property and its features, including any known material defects in the home or appliances, as well as the presence of such elements as mold, lead paint, asbestos, radon, or underground storage tanks. Most states have standard forms that are required to be completed. Not disclosing what is known about conditions or repairs can be the basis for a lawsuit by buyers.
Copies of any home and termite inspection reports Any estimates of the costs for any needed repairs or fumigation that are available should be included.
A statement of about the property's location Information in such a statement could include whether it is in a floodplain, wetland, or shoreline. It may also include notification of any pending changes in zoning, property tax assessments, or other, special assessments.
A binder with covenants and restrictions If applicable, such a binder might include condo or homeowner's association covenants, by-laws, and restrictions. You should know about them before signing a purchase agreement.
Information about neighborhood amenities Photographs of popular neighborhood amenities, such as local parks and the recreation center will help know the area. If buying in the winter and, in the summer there are lovely gardens or landscaping, you will want to know about that.
Your agent should make copies available of similar properties in the area for you to compare.
Current property Tax Information This is information you should know before signing a purchase agreement. It may be useful to have a year's history of utility bills, if they're available.
A list of appliances the seller may leave The Seller may be willing to leave some or all of the appliances, furniture, or fixtures with the house and may have already made a list of them. Your agent should be able to obtain a copy of it, if available. |
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