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Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
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INSTANT LISTINGS
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Type: Multi Family Home
Bedrooms: 4
Bathrooms: 4
MLS#: DC6932266
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Type: Semi-Detached
Bedrooms: 2
Bathrooms: 2
MLS#: DC7134796
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Type: Condo
Bedrooms: 3
Bathrooms: 3
MLS#: DC7165578
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Type: Single Family Home
Bedrooms: 3
Bathrooms: 1 full, 1 half
MLS#: DC7161889
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Type: Single Family Home
Bedrooms: 3
Bathrooms: 1
MLS#: MC7114126
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Type: Co-op
Bedrooms: 3
Bathrooms: 1 full, 3 half
MLS#: DC6960046
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Type: Single Family Home
Bedrooms: 2
Bathrooms: 2
MLS#: DC7151676
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Location: UPPER MARLBORO
Type: Townhouse
Bedrooms: 3
Bathrooms: 2 full, 1 half
MLS#: PG7119325
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Type: Single Family Home
Bedrooms: 4
Bathrooms: 2
MLS#: MC7172432
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Disclosure Laws >Potential Problems
Every house has some "quirks", and some have material defects that may affect the sales agreement or the asking price. Placing a less-than-perfect house on the market is fine as long as you and your real estate agent give the buyers information on any "hidden defects".
Most litigation in real estate transactions involves the buyer suing the seller for failure to disclose a problem. Whether it is a leaky roof, dry rot, plumbing or heating problems, or a wet basement, most courts do not apply the "let the buyer beware" rule to real estate transactions. Even if the buyers had a structural inspection and you sold the property "as is," you may be held responsible for undisclosed defects.
Sellers have an obligation to disclose both obvious and hidden defects. Courts have not been sympathetic to sellers who have lived in a house and are in a position to know what works and what doesn't, but do not fully reveal the facts. This is one area where honesty is the only policy. Ask your agent for help if you are unclear about any aspects of the disclosure form.
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| Q |
What is the most expensive piece of property ever recorded?
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| A |
In October 1988, the Mediya Building in central Tokyo was quoted at 358.5 million yen ($248,000) per square foot.
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 See More Real Estate Trivia > |
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NUMBER1EXPERT®
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