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.

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Adam Lytle
Realty Executives SB
2250 Hospital Drive #248
Bossier City, LA 71111
Mobile: 318-773-0063
Office: 318-746-8000
Fax: 318-746-8988
adam@teamlytle.com

*Recognized by SB magazine as one of the top agents in Northwest Louisiana *Member of the 100% Club with Realty Executives. *Honored as a member of the Executive Club within Realty Executives. *Recognized by Realty Executives in Bossier City as its top individual agent for the calendar years 2010 & 2011. *Expertise in residential, commercial, land, foreclosures, short sales, & new construction. *Member of the National Association of Realtors & the Northwest Louisiana Association of Realtors. *Owner of a real estate investment company. I have been a member of the Shreveport/Bossier community since 1980 & have built a reputation over the last 8 years as a hard-working, knowledgeable agent throughout Northwest Louisiana. If you are a homeowner preparing to sell, I'll create a customized marketing plan that will enable you to achieve the goals that you have set. On the other hand, if you are thinking of buying, I'll introduce you to my exclusive buyer program which is designed to identify "secret" properties at wholesale prices. I look forward to helping you achieve your goals!

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