3 Ways to Protect Your Escrow Deposit ( THIRD )

Real Estate Naples Fl call 786-800-8646 are you looking to purchase a real estate call and we will help you! Estas queriendo comprar una propiedad llamanos y teayudamos.www.NaplesRoyalProperties.com  3- Review the property disclosures

Sellers are required, in most real estate markets, to complete a series of disclosures regarding their knowledge of and experience with the property. By law, they’re required to disclose property defects, neighborhood nuisances, or anything that would negatively affect the property.Additionally, you should have the opportunity to review any local or state reports, like a building permit history or a flood/earthquake map.You should receive the seller’s disclosures and any required reports soon after your offer is accepted. In some markets, you may receive these disclosures before you make an offer. If you discover something negative about the property, this is your chance to say “no thanks” to the seller.However, you’ll be required to sign off on these disclosures and reports at some point. Once you’ve done that, your deposit is at risk. So take your time. Review everything carefully. Don’t be afraid to ask questions about what you’ve learned.If you feel something is vague, or if a particular disclosure brings up an issue for you, investigate it. Go back to the listing agent or the seller and ask for additional documentation, because your deposit is at stake.For example, in one case, a seller disclosed there was some leaking in one window in the rear of the house. On the surface, it appeared to be a small leak. Upon further discussion and investigation, however, the prospective buyer discovered that the leak was part of a much bigger roof and gutter/dry rot problem