Welcome to the Most Comprehensive Real Estate Resource Center available for the St. Louis, Missouri area. Here you can find great information on Chesterfield, Wildwood, Ballwin and other communities in both West St. Louis County and St. Charles County. |
Your Chesterfield, Missouri Real Estate Resource!Need local real estate information? I've summarized much of what is important about the St. Louis, MO real estate market in this site. I specialize in selling homes in both St. Louis and St. Charles Counties. I will help you find the home that best meets your needs. Or, If you are wanting to sell, let me show you how my marketing efforts and pricing strategy will help get your home sold quickly for the highest price the market will bear. Buying and selling a home is one of the biggest events in your life. When you are ready for the help of a professional, please feel free to contact me. Janice Freeman Do you like JaniceFreeman.com? Save me in your favorites folder and come back to visit me later.
|
Disclosure Laws >Potential Problems
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.
|
| Q |
What 45,000 sq.ft. home on 5-acres on Lake Washington is described as an 'adventurous house' by its owner?
|
| A |
The home of Microsoft's Bill Gates ($40+ million) has a wall of 24 video monitors featuring art and film and a 60-foot pool. |
 See More Real Estate Trivia > |
|
|
|
- NUMBER1EXPERT™ 
