Hi Vivian,
First thing you should do is have your
real estate agent, Realtor®,
ask the sellers agent or the seller if for sale by owner for a copy
of the sellers disclosure. Read this document carefully as it should
have information on any material issues that the home may have had
since the current owner has owned the home. A lot of people are
skeptical about the disclosure but as professional Realtor® we
encourage the home owner , as listing agent, to fill out the
disclosure with all the facts. The penalty in Texas for non
disclosure of an issue is stiff and dates from time of discovery
about a non disclosed issue.
In Texas we have what is called a
Termination Option period. It gives the buyer the unrestricted right
to cancel the contract with out penalty through the term of the
option period.. It is negotiated with each home sale. This is the
point the buyers have to inspect the property and decide if the
property is right for them.
If there is something you
just do not feel is right about the property and it is not on the
sellers disclosure then this is the period you want to investigate.
Most home owners will not let you do inspections on their property if
you are not under contract because if there are unknown issues
discovered they would then be obligated to disclose the issue to the
next buyer if you chose not to buy the home.
Different states have
different rules but most states allow for inspections of property
after a home goes under contract. Please contact a real estate
professional in your area for assistance and don’t let the home go
to someone else if you feel it is the right one.
If you are in Texas and need
assistance. Give me a call I will be glad to represent you or refer
you to a Realtor® in your home
town that can represent you.
Regards
Bob
Kenney, Realtor®
Reilly Realtors
Mobile/Text - 512-922-4922
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