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7 Seller Disclosure Mistakes to Avoid When Selling a House in Georgia

Ken Mandich - Complete Realty Team - Realtor®

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7 Seller Disclosure Mistakes to Avoid When Selling a House in Georgia

52 просмотра · 7 дн. назад
Ken Mandich - Complete Realty Team - Realtor®
35 подписчиков
52 просмотра · 7 дн. назад
These are 7 seller disclosure mistakes to avoid when selling a house in Georgia, counted down from number seven to number one. Georgia is a "buyer beware" state, but that does not mean a seller can stay quiet, and this video walks through what the Georgia seller's disclosure actually requires. 👉 Disclosure is only one place sellers trip up. Our free guide, 7 Huge Mistakes First Time Sellers Make, covers the mistakes that can cost you money when you price the house, handle offers, and choose an agent. Grab it here: https://crt.homes/7-seller-mistakes In this video, you'll learn: Which buyer questions you don't have to answer under fair housing law What Georgia law says about a death or a crime at the house, and when you have to answer truthfully Why your agent can't keep a known problem quiet for you The federal lead-based paint disclosure steps for houses built before 1978 When you have to update the seller's property disclosure statement before closing Why covering up a known defect can lead to a fraud claim after closing The one sentence on the Georgia disclosure form about selling a house as-is The Georgia REALTORS Seller's Property Disclosure Statement (GAR form F301) says Georgia follows "buyer beware," but it also says the seller must disclose hidden defects the seller knows about, even when the house is being sold as-is. And if any answer materially changes before closing, the seller has to promptly revise the disclosure. Georgia law (O.C.G.A. 44-1-16) says a seller doesn't have to volunteer that a house was the site of a homicide, felony, suicide, or accidental or natural death. But if a buyer asks, the seller has to answer truthfully, to the best of their knowledge. The same law says you're not required to answer a question if answering it would violate federal or Georgia fair housing law. The seller's broker also has a separate duty under Georgia law (O.C.G.A. 10-6A-5) to disclose known problems with the physical condition of the property that a reasonably diligent inspection wouldn't reveal, including certain known conditions within one mile of the property. For houses built before 1978, federal rules require the lead-based paint pamphlet, disclosure of known lead hazards, a signed Lead Warning Statement, and a 10-day opportunity for the buyer to get a lead inspection, unless both sides agree otherwise in writing or the buyer waives it. This video is education, not legal advice. Every house and every situation is different, so for your specific situation, talk to a closing attorney. If you want to buy or sell a home in Cobb County, Cherokee County, or anywhere in the Atlanta area, or if you just have questions, please don't hesitate to get in touch with us. Complete Realty Team Ken Mandich - REALTOR® ☎️ 404-410-6465 🌐 https://www.completerealtyteam.com 📍 13010 Morris Rd Ste 650, Alpharetta, GA 30004 📧 ken@completerealtyteam.com Brokerage: LoKation Real Estate Doris Armstrong - Broker ☎️ 404-348-0420 📧 doris@lokationre.com Learn more about selling a house here:    • Info For Sellers   00:00 Georgia Seller Disclosure Mistakes 01:31 Fair Housing Questions When Selling 03:12 Stigmatized Property Disclosure in Georgia 04:00 Real Estate Agent Disclosure Requirements 05:24 Lead-Based Paint Disclosure Rules 06:36 Updating the Seller's Disclosure 07:28 Hiding Known Defects From Buyers 08:15 Selling As-Is Disclosure Rules 09:01 Seller Disclosure Mistakes Recap