ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

How Insisting On Disclosure Can Save You Money & Grief Part 2

Updated on February 27, 2010

Seller Property Disclosure

Once you have a good buyer agent, one of his jobs will be to help you look over the seller's property disclosure on the general condition of the house. It should acknowledge whether the roof leaks or the basement gets wet. It may discuss the age of appliances. It should reveal things such as termites. For the smart home buyer, however, seller disclosure is the first word on a home's condition, not the last. It's not unusual for sellers to gloss over certain problems, "forget" to mention others or even lie.

Home Inspectors

Which brings us to home inspectors, the people you pay to go through the house and make sure it's sound. The most important thing about hiring an inspector, however, is his credentials. Is he an engineer? A builder? Does he adhere to regional Society of Home Inspectors standards? Is he insured?

What happens if he misses something? (It happens.) Many inspectors will only give you your money back if they blow the inspection, a couple of hundred bucks. But you could be left with thousands in roof repairs that, had you known about them, might have changed your mind about buying the house. So, be blunt. Ask the inspector about his guarantee.

Don't Forget the Neighbors

Another interesting (and sometimes accurate) source of information is the neighbors. If you're serious about a property, knock on a couple of doors, introduce yourself as a potential buyer and ask questions. You might find out the neighbor on the other side mows his backyard in the nude (that's happened, too) or the guy across the street revs his Harley every morning at 5 o'clock. They might even reveal things about the house, such as why it's for sale or any structural problems the seller has complained about. Like everything else, don't take their word as gospel but know that it all helps in the information-gathering process.

Good lawyers make for good contracts. The best protection any buyer can have is a well-written contract, especially when it comes to property disclosure. Attorneys should make the disclosure form part of the actual purchase contract. A lot of times, if the disclosure is not part of the contract, the seller may only be liable for whatever repairs it takes to make a problem right. But if your attorney makes the disclosure part of the contract, you may be able to rescind the entire deal and get your money back.

  • Make sure the seller's disclosure is current to the day of close. A property disclosure that was filled out three months ago may not reflect current conditions.
  • Ask for more than the form asks. Ask sellers to disclose any adverse conditions in the future: Is there road widening planned? Is there a new development planned nearby? Is the new runway at the airport going to send planes over your house?
  • Let it be known that you are relying on the seller's statements. Make it clear to the seller, his agent, his lawyer and everyone else that the disclosure statement is a major part of your decision-making process. If you end up in court later, those statements could strengthen your case.

Back to Start


    0 of 8192 characters used
    Post Comment

    No comments yet.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)