808 Oahu Realtor (Ryan Riggins) License #RS-74740

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Sellers: Disclose Before You Close!

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Property Disclosure Report with house and pen.

It’s a few pieces of paper that can save you a lot of trouble down the road. It’s called the seller disclosure form, and it’s one of the most important things you, as a seller, will fill out in your home sale.

So what is a seller disclosure? It’s a form that outlines any conditions that might affect your property’s livability or value. Items a seller would disclose to potential buyers include termites, radon or other environmental issues, foundation problems and broken home systems or appliances.

Disclosure laws vary from state to state, and your real estate agent should be aware of what’s required in yours. Sellers who do not disclose major issues – let’s say a broken HVAC system, leaking pipes or mold growing in the basement – could be on the hook for paying to fix the problems or wind up in court, even after closing.

Marketing a home “as is” or claiming you didn’t know about certain problems doesn’t save you from the responsibility of completing a full and honest disclosure.

Most buyers will likely hire a home inspector during their home purchase to catch these types of issues, but if you’re aware of major repairs and problems ahead of time, it’s better to be safe than sorry and disclose what you know. It will save you time, money and (quite possibly) the entire transaction if you’re upfront with potential buyers.

Author: Ryan Riggins (RA)

Born and Raised on Oahu my approach to the real estate business is different than most agents working in the industry today. The average agent sells fewer than 7 homes a year while attempting to manage every aspect of the business all by themselves. This approach allows them very little time working directly with buyers and sellers because they are so overwhelmed with all the busy work that is required behind the scenes. My system allows me to spend 90% of my time working directly with clients who want to buy and sell real estate today and in the very near future. Here at John Riggins Real Estate we have been helping families move since 1977. We specialize in the Aiea to Kapolei area but not limited to Ewa Beach area. To see all the great ways we help buyers and to view what differentiates us from the typical realtor in the area, visit http://tinyurl.com/clientsuccessstorys Because of Ryan's Military Relocation Expertise, Ryan's success revolves around that same simple principle his Mother and Father instilled in him; serving those who serve our country. His track record shows that he puts his clients first and in a high paced market, he is making VA loans work for our soldiers, sailors, airmen and marines. With previous clients ranging from E-5's to 04's, Ryan is ready and willing to make sure all those who have served our country, have every opportunity to own their piece of it. For the majority of people the purchase or sale of a home is their largest single investment. My goal is to guide you successfully and easily through the contractual, investment, and emotional decisions involved in the Real Estate process. I am committed to providing you, your family and your friends with superior service and expertise and to make it the most memorable purchase of your life.

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