Sentences with phrase «buyers about the defects»

The Broker had discussions with the Buyers about the defects, allegedly referring to the disclosures as simply recognizing the fact that no one had bothered to obtain the proper permits for improvements made to the Home.

Not exact matches

when you have significant amount of mould, you can not miss its odor unless the mould started to develop after closing... Seller's inspection report showed only (leakage of water around a skylight on the second floor) and the buyer's realtor did a good job in asking for its repairs... seller did not speak about water seeping into the basement through the foundation (latent defect).

Deals can sometimes go sideways when a buyer and seller disagree about what constitutes a major defect (something the seller's expected to fix), so include in the offer a maximum dollar value for the cost of a fix that you can live with.

The club's code of ethics requires that breeders inform buyers about known hereditary defects in their bloodlines, test their breeding animals for hip dysplasia, and disclose the test results.

It opens with a condo buyer arguing with the property manager about defects and unfinished work, and with the property manager telling him to get lost.

Listing licensees should explain the concept of latent defects to sellers at the time a listing is taken, to ensure they are aware of the need to inform potential buyers about the property's defects.

The buyer must also be able to prove that the seller knew about the latent defect.

The comments listed above «In a decision released in May 2014, a deputy Judge of the Barrie (Ontario) Small Claims Court said in his judgement that a seller must disclose to the buyer anything they know about a defect that has caused any loss of use or enjoyment of a meaningful part of the premises.»

The agents for the buyer and seller are required to walk through the property and note observations about defects on the sellers» disclosure form.

However, after the closing, the buyers sued the sellers and Elkowitz, alleging that the salesperson knew about the defects from the earlier litigation and was aware the amount of the settlement was insufficient to make all the repairs.

I hate to sound like the field tested and jaded veteran but... In 26 years of transcations, many before home inspections were popular, there is not one deal I can name wherein a proper inspection would not have revealed the defect (s)... the fact of the SPIS is, no matter what the seller says, the practioner had better check it & the buyer better inspect it, you are concerned about drainage?

The Buyer argued that the Broker had violated the disclosure law because the Broker had received information about the property's defects during the 2010 transaction.

In addition, buyers and buyer salespeople should always ask sellers and the sellers» salesperson point blank if there are any hidden defects in the property that they should know about, and make a note about anything that is said to you.

when you have significant amount of mould, you can not miss its odor unless the mould started to develop after closing... Seller's inspection report showed only (leakage of water around a skylight on the second floor) and the buyer's realtor did a good job in asking for its repairs... seller did not speak about water seeping into the basement through the foundation (latent defect).

Sellers must disclose known material latent defects about their property to a buyer.

If a buyer believes that information about a known latent defect has been withheld by the seller or the seller's licensee, legal advice should be obtained.

Lawyers might not know the specific neighborhoods, how to prepare a comparative market analysis, draw a real estate contract, or anything about the listing agent nor the profession of real estate, much less how to spot defects, negotiate for repairs nor any of the other dozens of tasks an experienced buyer's agent performs.

The buyer agent must act in the buyer / tenant's best interest, including making a continuous and good faith effort to find a property for the buyer / tenant, except while the buyer is subject to an existing contract, and must keep all confidential information, other than known material defects about the property, confidential.

A real estate agent is generally not qualified to discover defects or evaluate the physical condition of property; however, a real estate agent can assist a buyer in finding qualified inspectors and provide the buyer with documents and other resources containing vital information about a prospective new home.

First, the buyer's agent must disclose knowledge of a material defect or condition about the property that affects health or safety and that defect is not known or readily observable to the buyer.

And, given the multiple representation scenario, there certainly was a duty to the buyer to suggest an inspection given the existence of the defect and the notes about it in the SPIS.

Private buyers need not worry about private sellers not disclosing defects or neighbourhood informationn that might deter the average buyer from purchasing a certain home because the Competition Bureau will be there to protect them.

Chapter 93A requires brokers, salespersons, and other business persons to disclose all facts known by a real estate licensee about defects in a property, even if a buyer or tenant does not ask.