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Phoenix Real Estate and Homes for Sale | Jonathan Dalton, Realty ONE Group – (602) 502-9693

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Disclosure

Due Diligence, Disclosures and the Like

Interesting question came through to me yesterday … The buyer is in the midst of their inspection period and the home inspector found a crack in the post-tension slab. His opinion was it likely was cosmetic but, as all inspectors do, he suggested the crack be further evaluated by a specialist. So the buyers, in their inspection request, asked to have the sellers get a specialist out there to evaluate the crack. The sellers are wondering whether they ought to do that. My two cents, keeping in mind that I’m not an attorney, mileage may vary and people will sue […]

Think You’re Clever, Mr. Flipper, For Not Providing a Disclosure Statement

It’s not often that an idea developed after the second beer of happy hour stands up just as well in the light of day, but this is one of those situations. We were discussing the idea of the Sellers Property Disclosure Statement and the generally automatic verbiage in investor listings that the SPDS will not be provided because the owner never lived in the property. Not that living in the property has the slightest thing to do with the SPDS, but that’s a slightly different conversation. In any event, when a buyer adds the language “buyer understands no SPDS will […]