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The Buyer's Guide Condition of the Property Most sellers are required by law to complete for the buyer’s approval, a Transfer Disclosure Statement. In this form, the seller notifies the buyer of any known items in the home that are not functioning properly, any known neighborhood nuisances, and a variety of other items that may be of concern to the buyer. This disclosure must be approved or disapproved by you, within the time limits specified in the Purchase Agreement. Phyllis and Natalie strongly recommend that you hire an appropriately designated home inspector to conduct a thorough investigation of your property. You should be present at the time of the inspection, so that you can understand the findings and to have questions answered. The approximate time of the inspection varies depending upon the size of the home. The purpose of this inspection is to give you a professional opinion of the home. The inspector will give you a written report as to the condition of the property, which will include a list of items that are not properly working, many will be unimportant, but some may be very important. In addition to the home inspector, you may elect to hire additional inspectors or specialists to inspect the fireplaces, foundation, roof and or pool. Talk to us and or your home inspector if you have any concerns regarding these items. You may make a written request to the seller to correct any defects that are unacceptable to you. No home is perfect - not even a new one and often the condition of a home is a reflection of the price paid. Frequently, sellers will live with minor problems in a house for years and may be unwilling to correct some of the “little things”. If you and the seller are not able to come to an agreement, you may rescind the transaction within the time limits specified in your Purchase Agreement and your deposit will be refunded to you.
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