Should you rely on the Seller's Disclosure when purchasing your Crofton, MD home?
By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Yes, of course rely on it, BUT only as part of an overall plan. As you know, sellers are required to provide a Disclosure, or a Disclaimer, as part of the Contract of Sale for residential property in Maryland. Many sellers do disclose, which basically means they fill out a series of yes and no questions about the operation of systems in the house. The forms are standard and mandated by the State. There are exceptions from filling out the forms for estates and banks who never lived in the property. It’s important to remember that sellers are answering questions based on whether they’re aware of any issues. Houses are big, and there could absolutely be issues going on that they aren’t aware of. Let me give you an example. I live in a decent size house and I’m probably only using about on...
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