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Doylestown, Buckingham and New Hope Information:
About Doylestown, Buckingham and New Hope - Moving to Doylestown, Buckingham and New Hope, Pennsylvania? Get info here... School Reports - Reports for Doylestown, Buckingham and New Hope schools kindergarten, elementary, and high schools. Relocating? - Free real estate information & relocation package if you're relocating to Doylestown, Buckingham and New Hope, in Bucks County PA. Go to Main Sitemap - Main sitemap sections include Find Doylestown, Buckingham and New Hope Homes, For Home Buyers, For Home Sellers, Doylestown, Buckingham and New Hope Information, Real Estate Resources, and About Henri and Jeri Gutner.
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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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| Q |
What are considered the ideal conditions for a seller's market?
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| A |
In a seller's market, prices are firm and good houses are sold before advertised or as soon as they show up in the MLS. |
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