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Tip for Agents: Double-check the property address before submitting it to the appraiser, ensuring it matches all marketing materials and legal documents. Accurate Legal Description Why It Matters: The legal description uniquely identifies the property in question, often including lot boundaries, subdivision details, and specific measurements.
A good realtor will distinguish between above grade square footage and below grade square footage; essentially, they will provide a breakdown of all the finished areas and specify where they are located within the home. Mandatory Disclosures: Transparency is key to building trust and avoiding legal issues.
The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. Any easements or encroachments – any part of the property should be accounted for to get the most accurate estimate of the land value.
It should be noted that not every state uses due diligence fees in real estate transactions, so it is important to consult with your real estate agent so they may educate you on the legal implications of a housing contract. This is a task that your realtor can be present for on your behalf. Due Diligence: What Is it?
Selling a house without a realtor, also known as For Sale By Owner (FSBO), can be an appealing option for homeowners looking to maximize their profits in the Lone Star State. This comprehensive guide will walk you through the essential steps, documents, and considerations needed to successfully sell your home without a realtor in Texas.
” “I make sure that I’m polite (goes a long way even with Realtors). ” “I have a life long time in agriculture and worked at a title company, giving me a good understanding of legal descriptions and easements.” ” “I do a lot of legal work for attorneys.”
In many cases, a known easement or encroachment or even pending land use changes can be considered latent defects. Seth Weissman, attorney at Weissman PC and general counsel for Georgia Realtors, talks about repaired defects… Disclose, it’s the Best Policy A properly repaired and corrected defect does not need to be disclosed.
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