I agree with you. I think it would be beneficial for the buyer to have all this information first hand before he decides to make an offer on the ground. I know that many agents only provide this before they write an offer. I try to do it at 110% at the first presentation – just because if my potential buyer has a question, I can quickly look at the SPD and try to find that answer for him. Some of the recent changes have been made without any changes to the accompanying of other sales contracts in our directory. As of July 1, all agreements should now have the following, if any: I think (and honestly thought it was) it should be mandatory that the disclosure of an online seller be available to anyone who plans a home. Last week I had to contact a ReMax agent for someone, and I`ve already done it once – sometimes it takes a few days to get it. Why this is not mandatory to offer as part of the list agreement, would be the buyer, if they look at a house for the first time. Given the buyer`s seller inspection report should be optional, what I see, the seller is as there is to the nearest buyer, yep I know they should not and should not be valid if the number 2 buyer has problems after billing, but it happens in the real world !!! In Pennsylvania, sellers are required to enter into a real estate purchase agreement and are asked to complete the following disclosure statement so that a contract is considered legally binding: real estate purchase contracts generally include promises and provisions guaranteeing the condition of a property. Many states legally require sellers to deivate explicit information about the condition of a property. In states where this is necessary and where a seller deliberately conceals such information, they may be prosecuted for fraud.
There will also be two new changes – what else? – Form-ASR (and of course other sales contracts). Although minor, these changes are very important because they affect the rights and remedies that your clients have under the contract. The first change affects the buyer`s rights if the seller is not able to transfer a little less than the full title. Since the form is currently written, the buyer`s only option is to terminate the contract if the seller is unable to transfer « good marketable securities »; From July, the buyer will have an additional opportunity to « take a title that the seller can pass on. » This allows the buyer to choose between taking a less than perfect security and terminating the agreement. The contract to purchase and sell residential real estate in Pennsylvania allows a potential owner to enter into a legal agreement with a seller for the acquisition of real estate. The agreement covers a wide range of conditions, including the agreed purchase price, personal property that must remain on the ground, closing conditions, serious money and other financial contingencies. Ownership of the property can only be legally transferred if the buyer and seller accept the terms of the contract and enter their signature into the contract. Before the contract is signed, the seller must submit to the buyer a disclosure statement mentioning known material defects that could affect the buyer`s purchase decision. I would agree with the unilateral spd for discounts if there were keywords attesting that they have no knowledge of defects.
I find far too many agents who say, « You don`t have to fill this out, sign here. » The problem is that they always have an obligation to reveal defects of known materials.