My last post may have not been in the right spot. I’ve added a page to my site without any links (except here) and it’s intended to be very consumer oriented. It’s called Before You Write Your Offer because there is a specific problem that buyers can face especially in Wisconsin. I’m sure it’s in other States as well.
When I was at an ESA seminar yesterday, I think I misunderstood what Bernie Katz may have been talking about. He mentioned that the State of Michigan has a new form that every Realtor must present to the buyer of any property. Kind-of-Like a Lead Disclosure Form.
[size=2]I found out that it was a one-line amendment on the Seller’s Disclosure’s form that explains to the buyer their rights to have a home inspection. It states: [/size]
**BUYER SHOULD OBTAIN PROFESSIONAL ADVICE AND INSPECTIONS OF THE PROPERTY TO MORE FULLY DETERMINE THE CONDITION OF THE PROPERTY. THESE INSPECTIONS SHOULD TAKE INDOOR AIR AND WATER QUALITY INTO ACCOUNT, AS WELL AS ANY EVIDENCE OF UNUSUALLY HIGH LEVELS OF POTENTIAL ALLERGENS INCLUDING, BUT NOT LIMITED TO, HOUSEHOLD MOLD, MILDEW AND BACTERIA. **quote]
We really need to band together and have the same front when it comes to protecting our clients (the consumers) and if they don’t write the offer to purchase correctly, they may get stuck with a home they could regret.
I hope we can get a good dialog started and some small changes made…