Inspect the Home
Generally, the seller should inform you of
any adverse property conditions of which he or she is aware. This is of
no help if there are adverse conditions of which the seller is not
aware. The federal Real Estate Disclosure and Notification
Rule requires that you be informed of certain adverse environmental
conditions affecting the property. Unfortunately, there are
circumstances in which you aren't required to receive the disclosure.
As a consumer, it is up to you to protect yourself, your family and you
investment. While visiting properties, make notes of items possibly
requiring investigation in the event you make an offer. Here are some
areas of potential investigation to be considered when visiting and
buying a home.
- Age and condition of structural components
- Be aware of the condition of plumbing,
electrical, heating, or other mechanical systems.
- Required permits
- Have structural additions, alterations,
replacements, or repairs been made? If so, were proper permits
obtained?
- Topography
- Are there flood, drainage, settling or
soil problems on or near the property?
- Common areas
- Are there homeowners' association
obligations, deed restrictions or common area problems?
- Neighborhood
- Are there noise or nuisance problems?
- Environmental conditions
- Is there lead-based paint, asbestos, radon gas, fuel, chemical
storage tanks, contaminated soil or water affecting the home? You may
want to contact the United States Environmental Protection Agency for more information.
