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Disclosure Laws >Disclaimer Clauses
Before the professional inspects the home that you are buying, you will be asked to sign an acknowledgment of the scope of the inspection. This document will probably include a disclaimer clause designed to relieve the company of responsibility if they should miss a defect. What happens if a defect is missed during an inspection?
The disclaimer clause may get the inspection company off the hook for a defect if there is no visual indication of a problem. If the inspector clearly indicated that he was not checking for that problem--many inspectors do not check for dry rot or inspect roofs--then the recourse will be limited. If negligence is involved, or if the defect should have been obvious to a professional inspector, the disclaimer is not likely to protect the inspector. If you find an undiscovered defect, discuss the matter with the inspector. Depending on the situation, the responsibility for remedying the problem may rest with you, the sellers, and/or the inspector.
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| Q |
To what process do the terms closing, escrow, settlement and passing papers refer?
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| A |
These terms, which vary in different parts of the country, describe the conclusion of a real estate sale. |
See More Real Estate Trivia > |
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Stan Chambers Sea Coast Exclusive Properties 900 South Coast Hwy Encinitas CA. 92024 DRE License # 01356002 Direct: 760-505-8008 Fax: 866-449-2505 Email: Stan@StanChambers.com
My name is Stan Chambers and I have been a highly successful real estate
professional in the Encinitas, Carlsbad, Escondido, Shadowridge, Vista, and Oceanside markets. My personal goal is to simplify the process of buying and selling real
estate, and to satisfy everyone's needs to the best of my ability. My
extensive experience and proven track record are factors you can count
on when working with me. I use the latest technology to understand the
current market and to make the connections necessary for our success.
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