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Real Estate Tips Disclosure Laws >Potential Problems Every house has some "quirks", and some have material defects that may affect the sales agreement or the asking price. Placing a less-than-perfect house on the market is fine as long as you and your real estate agent give the buyers information on any "hidden defects". Most litigation in real estate transactions involves the buyer suing the seller for failure to disclose a problem. Whether it is a leaky roof, dry rot, plumbing or heating problems, or a wet basement, most courts do not apply the "let the buyer beware" rule to real estate transactions. Even if the buyers had a structural inspection and you sold the property "as is," you may be held responsible for undisclosed defects. Sellers have an obligation to disclose both obvious and hidden defects. Courts have not been sympathetic to sellers who have lived in a house and are in a position to know what works and what doesn't, but do not fully reveal the facts. This is one area where honesty is the only policy. Ask your agent for help if you are unclear about any aspects of the disclosure form. See All Tips In The "Disclosure Laws" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories >

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Real Estate Trivia Q  What famous building receives a fresh coat of 300 tons of reddish-green paint every seven years? A  The Eiffel Tower in Paris, France. See More Real Estate Trivia >

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The Amyotte Team Keller Williams Ottawa Realty 610 Bronson Avenue Ottawa ON K1S 4E6 Direct: 613-237-5996 Office: 613-236-5959 Fax: 613-237-8611 Helene Amyotte: Team Leader, Sales Repr Lauralea McNeely: Team Manager, Broker Email: Info@Amyotte.com Svetlana Kouzmina: Transaction Administrator We work in all parts of Ottawa, from Kanata to Orleans, and from Downtown to Hunt Club, Barrhaven and beyond. We're a Citywide team of experts for your Real Estate needs. www.Amyotte.com is brought to you by The Amyotte Team, real estate for Ottawa, Kanata and Orleans, Ontario Read The Amyotte Team's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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