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I seriously doubt the that the Realtor is prohibited, BY LAW, to disclose defects found by a potential buyer. If a Realtor has any morals or has a long term interest in real estate, truth will always serve all parties in the long run. I have been buying, renovating and renting or selling for over 20 yrs. I have always benefitted from disclosing all problems. As long as you are upfront with the problems and are honest with the renter, buyer or seller, you can make a reasonable deal.
If I found out about a potential problem, I would take the time to perform the due diligence and research the issue. If the seller refused to disclose the problem, I would cancel the listing. |
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I think the seller must have known as well. Possibly not before putting the house on the market, but when someone else backed out.
Something I learned in all of this is that it's great to have a realtor who knows something about buildings so maybe they can see things like this - not that it's a reason to skip an inspection, but if there is something big and obvious, it won't be a surprise. The structural problem wasn't obvious to me because I knew nothing about buildings at the time, but it was visible enough that the home inspector and the architect saw it at once. |
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I would have to say Al Labrusciano...
he's been in Roxborough for years....has made a name for himself and is a truly nice guy....and i'm not saying that for any hidden reason. Talk to anybody and mention his name....you'll get an very pleased response. |
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Resident of Fishtown, Moderator of Fish/No. Libs/Kenzo forum, Real Estate Agent-Prudential Fox & Roach |
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And yeah, it's always really helpful to be able to point out defects to someone BEFORE they put a bid on a house because they'll know there's an older heater, older wiring, etc., because I prefer not to waste my time---ie. if someone thinks knob and tube wiring is a dealbreaker, why write up a deal, get through negotiation, order title, etc., if the home inspection turns up what I knew when I showed them the house? I like to prepare people for what the home inspection will tell them--it reduces a lot of stress all the way around.
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Resident of Fishtown, Moderator of Fish/No. Libs/Kenzo forum, Real Estate Agent-Prudential Fox & Roach |
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