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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 country of the world has the highest percentage of private housing?
A	Mongolia, where 100% of all properties are owner-occupied.
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The Haas Team, REALTOR®, real estate agents and broker for Chicago Western Suburbs, Glen Ellyn and Wheaton Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

The Haas Team
Koenig & Strey GMAC Real Estate
820 E. Roosevelt Road,
Wheaton, IL 60187
Cell Phone: 630.675.8500
Fax: 630-444-1889
Email: HaasTeam@HaasTeam.com
The Haas Team are your NUMBER1EXPERTSä in Glen Ellyn & Wheaton. With The Haas Team as your real estate team, you get Seven professionals who are both committed to your needs and focused on your goals. Ranked in the top 1% nationally of all Realtors, The Haas Team are all Accredited Buyer Representatives. You can count on The Haas Team as your trusted advisors and skilled negotiators. Let us help you find the home of your dreams!

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