Comments on: Real Estate Sellers: Be Aware of Property Disclosure Laws

By: John Barney

John Barney — Sat, 31 Oct 2009 02:09:46 +0000

I need some advice…..I am aware of caveat emptor, however we have bought some property advertised as waterfront …lakefront property..when we looked at the property the wk youaterfront was at the property setback and at 2800ft.After building a home ,weekend place we discovered in a few months the lake was receding quite a bit.We asked the realtor about it. He told us that it was normal evaporation of the lake,especially because of the California drought.we believed him……This lake we found out is actually a agriculture resevoir and farmers can use the water up until October each year. By june of the following year there is no lake……it totally drys up and you can actually walk across it for more than a mile to the otherside. We are furious…..what can we do about this that should have been discloed to us ????than

By: Patti

Patti — Tue, 15 Sep 2009 22:37:05 +0000

Are disclosure laws the same when you purchase an estate home?

By: Kathy Helbig

Kathy Helbig — Fri, 04 Apr 2008 23:11:52 +0000

Thanks for some great information. Sellers need to realize the enormous consequences that can affect them when issues arise that have not been disclosed. Rather it be intentional or by omission.

By: Dallas Homes

Dallas Homes — Tue, 23 Oct 2007 15:12:35 +0000

Great Article. I think this will espicaly help for sale by owners, who are trying to save money, however don’t really understand real estate law.

By: Beachbum

Beachbum — Tue, 23 Oct 2007 04:30:00 +0000

Sadly, many sellers choose to try and avoid responsibility by simply indicating IDNK (I do not know). For forum readers, education is the key. YOU need to be diligent, and ask questions. Don’t accept IDNK! If the seller resists, lower your offer accordingly, assuming the worst.