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INNINGS

 1ST 2ND 3RD 4TH 5TH 6TH 7TH 8TH 9TH EXTRA
BUYERS CREDIT LOANS PLANNING KNOWNS BROKERS MARKET NEGOTIATIONS APPRAISALS CLOSING WHAT IF?
SELLERS FOR SALE PLANNING CLEARING APPEAL DISCLOSURE OPEN HOUSE THE OFFER APPRAISALS CLOSING WHAT IF?
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Fifth Inning - Disclosure


Pitch 1 - Disclosure

Sellers disclosure is mandatory in North Carolina. The federal disclosure regarding lead paint is also mandatory. These are not perfect and have come a long way towards disclosing property defects. Inspections are important and in some cases required. Review these disclosures carefully and should you have questions, ask. You can even make your offer contingent on receiving satisfactory responses in a timely manner.

Pitch 2 - Lead-Based paint disclosure

Federally mandated. There is a form for the seller which addresses knowledge of lead based paint  and a clause about the sellers ever having tests made. There is also a booklet which is required for an agent or a seller to give to the buyer outlining the risks and hazards of lead paint as well as how to treat it and what not to do.
Pitch 3 - Offer document

   In North Carolina jointly approved by NC Bar  
   Association and NC Association of REALTORS.
   Constantly being reworked and improved, this
   template is very thorough and addresses
   most of the concerns and processes for both
   buyer and seller. Good idea for both to read
   thoroughly and understand well in advance of use.

            

Coach's Tips

Pinch Hitters

The Validator 
 If you as the seller have provided no sellers disclosure you could invalidate the buyers offer.

The Booklet 
 Lead-based paint disclosures are federally mandated and require buyers to receive booklet on hazards either from the participating agents or the seller ( FSBO)

The Forms 
 As a favor to yourself, read a blank offer form and disclosure forms ahead of time as well as the many addendums which may come into play.

  
 

 
 Learn more from your Angel Advocates

Angel Advocate 1
The buyers have your sellers disclosure, but  they still have questions. Should I answer them?

 Angel Advocate 2
We added on to our house, built a deck  and remodeled a porch. Should we let the buyers know this and assure them we obtained the proper building permits?		 Angel Advocate 3
Can I ask for a pre-approval letter within 4-5 days of acceptance and put “time is of the essence” on this part?
 Angel Answer:
Yes. Put them in writing.		  Angel Answer: 
Yes. It is easy enough to check. It is all computerized. 		 Angel Answer: 
Yes.
 

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