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ANCHOR LEAD IN:
BUYING A HOUSE IS ONE OF THE BIGGEST INVESTMENTS YOU'LL EVER MAKE, SO YOU
WANT TO MAKE SURE IT'S IN GOOD SHAPE BEFORE YOU PUT DOWN BIG BUCKS.
MOST SELLERS FILL OUT A DISCLOSURE FORM...LISTING ANY PROBLEMS THEY'VE HAD
WITH THE PROPERTY. BUT, WILL THAT DOCUMENT PROTECT YOU IF SOMETHING GOES WRONG?
________ WITH THIS IMPORTANT HEADS UP.
NAT SOT
Playing with dog
TRACK ONE Length:
06
WHEN DEE MOVED INTO HER NEW HOME, SHE THOUGHT EVERYTHING WAS IN TIP TOP SHAPE.
BUT SOON, THINGS STARTED GOING WRONG.
SOT
KEY @: 08 Dee
CLIENT NOTE: Dee asked us not use her last name
"After 1100 dollars electrical, 600 dollars water heater, 200 dollar
commode, we're kind of running out of money."
TRACK TWO Length:
04
NOW, DEE MAY TAKE THE SELLERS TO COURT TO RECOUP THE COSTS.
SOT
NO KEY
"Obviously there had been problems."
TRACK THREE Length:
08
PROBLEMS THAT WEREN'T LISTED ON THE DISCLOSURE FORM... A DOCUMENT WHERE SELLERS
STATE ANY ISSUES THAT MAY AFFECT THE VALUE OF THE HOUSE OR THE BUYER'S DECISION.
SOT
KEY @: 30 Al Mansell, President, National Association of Realtors
"That's the normal thing that causes lawsuits in the real estate business
is disclosure of condition of the property."
TRACK FOUR Length:
14
CLIENT NOTE: please see source info
THE NATIONAL ASSOCIATION OF REALTORS SAYS MOST STATES NOW MANDATE DISCLOSURE
FORMS. THEY'RE LEGAL DOCUMENTS THAT CAN BE USED AS EVIDENCE IN A LAW SUIT
AGAINST A SELLER.
BUT...EVEN IN STATES WHERE THE FORMS AREN'T MANDATORY, REALTORS USUALLY HAVE
SELLERS FILL THEM OUT ANYWAY.
SOT
KEY @: 52 Al Mansell, President, National Association of Realtors
"It's about the roof, the condition of the property in general--mold,
asbestos."
TRACK FIVE Length:
11
ALSO FLOODING, LEAKING, TERMITES, MAJOR REMODELING, ROOF, PLUMBING, AND ELECTRICAL
PROBLEMS.
BUT, STEVE MCLINDEN WITH BANKRATE DOT COM SAYS, IT MAY STILL BE HARD TO WIN
IN COURT.
SOT
KEY @: 1:09 Steve McLinden, Bankrate.com
"You really have to know, you have to prove that a seller knew about
a certain condition."
TRACK SIX Length:
12
TO AVOID A BATTLE... BUYERS SHOULD CHECK OUT THE HOUSE ON THEIR OWN... LOOKING
FOR OBVIOUS PROBLEMS.... AND HAVING A THIRD PARTY INSPECTION IS CRUCIAL.
AS FOR DEE, SHE'LL BE BETTER PREPARED NEXT TIME SHE BUYS A HOUSE. FOR NOW,
SHE'S STILL MAKING REPAIRS
SOT
NO KEY "I just do the things as I can.
ANCHOR TAG:
BEFORE BUYING, MCLINDEN SAYS YOU SHOULD ALSO ASK IF THERE ARE ANY DISPUTES
OVER THE PROPERTY OR PENDING LAWSUITS. HE ALSO SAYS YOU SHOULD TRY TO ASK
NEIGHBORS IF THEY KNOW OF ANY PROBLEMS WITH THE HOUSE.
AS FOR DEE...SHE IS STILL THINKING ABOUT GOING TO COURT. AS OF MAY 16TH SHE
HAD NOT TAKEN ANY ACTION YET.
SOURCES
Al Mansel
National Association of Realtors
500 New Jersey Avenue, NW
Washington, DC 20001-2020
PR Contact:
Linda Johnson
202-383-7536
Al Mansel is the current
President of the National Association of Realtors. He has been practicing
real estate since 1969 and is also CEO of Coldwell Banker Residential Brokerage
in Midvale, Utah.
Steve McLinden
Bankrate.com
11760 U.S. Highway 1
Suite 500
North Palm Beach, FL. 33408
PR Contact:
Chantal von Alvenslaben
561-630-2400 ext. 1295
Steve Mclinden has been writing about real estate for 17 years.
Source information
for Track Four
The National Association of Realtors says as of August 2004 34 states plus
the District of Columbia require home disclosure forms.
They are:
AK, CA, CT, DE, DC, HI, ID, IL, IN, IA, KY, LA, ME, MD, MI, MN, MS, NE, NV,
NH, NJ, NY, NC, OH, OK, OR, PA, RI, SC, SD, TN, TX, VA, WA, and WI. The majority,
have a state-mandated form that sellers must fill out, but Maine, New Hampshire,
and a few others just require that the seller provide some sort of written
statement.
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