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Disclosure Laws >Full Disclosure

You are about to list your home. Since you have lived there for many years, you know that it is not perfect. For example, there might be a leak in the basement that is noticeable only after a heavy rain. Your garage door might stick, and the dishwasher may be prone to work stoppages.

Every home has a few quirks. When it is time to sell your home, you have a choice of either making the necessary repairs or letting the buyers know about the problems. Material defects must be fully disclosed.

Some buyers will order a structural inspection in order to learn exactly what they will be getting. Even if the buyers don't ask for an expert to look at the house, it is the seller's responsibility to disclose any known defects in the property. The seller's agent will provide the disclosure form, wherein the seller may itemize any problems. Sellers may avoid any real estate lawsuits over undisclosed defects by making repairs before the sale or agreeing to a price adjustment during the transaction if defects are discovered.

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Q	What price range is considered upscale or high-end in residential real estate?
A	The price range varies depending on the local market, but upscale homes are in the top 10% of an MLS area's annual home sales.
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Lorna Sherland, REALTORŽ, real estate agent and broker for Newburgh, New Windsor, Warwick New York home listings, property and land for sale - NUMBER1EXPERT(tm)

Lorna Sherland
Success Power Brokers
105 Rabbit Run Rd
Clintondale, New York 12515
Tel: 845-629-1675
Tel: 1-800-344-1675
Fax: 1-800-344-1675
Email: lornasherland@NUMBER1EXPERT.com
Lorna Sherland has resided in the Town Montgomery, NY for approximately 10 years, and just recently relocated to the small Town of Clintondale,in Plattekill, New York. Originally from Kingston Jamaica, Lorna relocated from Bronx, NY to scenic Orange County because the area reminded her of her original environment in Kingston, Jamaica. She resides here in the small Town of Clintondale with her husband and son, who's currently in graduate school and a graduate of the Valley Central School District. Lorna is herself an alumni of Marist College. She prides herself in taking care or her clients and customers real estate needs with the optimum professionalism. She listens, then executes!! Along with her motto of "Always at work for you" & "Success Without Limits", she strongly believes culture of "Win Win or No Deal".

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