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Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. While there are different laws for different states, Fannie Mae has a general list of requirements on their site. This process is heavily regulated.
For homes built before 1978, federal law requires sellers to provide a Lead-Based Paint Disclosure. By providing this disclosure, you’re not only complying with federal law but also ensuring that potential buyers can make an informed decision about the property.
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