Selling a Home “As-Is” in Athens? Disclosure Obligations for Ga Real Estate

Does merely stating that the house is sold “As-Is” protect you from legal responsibility? In some states, you are legally required to fill out a disclosure form and provide it to the buyer when selling real estate. A disclosure form details all important facts about the property, including defects and potential problems. The purpose of the form is to protect a buyer from purchasing a home that has unforeseen repairs and damage. The form would also disclose all past renovations and major repairs that have been done to the house, which could be an indication of future issues. Selling a Home “As-Is” in Athens? Disclosure Obligations for Ga Real Estate to follow!

Are You Required to Disclose in Georgia?

Sellers in Georgia do not have to legally fill out one of these forms, but they still must disclose all information to the buyer. Minor defects that would not affect the sale do not have to be disclosed. There is also some duty to the seller to fully investigate all issues in the house through an inspection to make sure they are not missing any large problems. Before listing your home on the market, it is best to discuss all issues with the house with an Athens realtor.

According to the International Association of Certified Home Inspectors, a defect that must be disclosed includes one that:

  • Has a specific issue with a system or component of the property
  • May have a significant impact on the value of the property
  • Poses a threat/risk to people

Selling a Home “As-Is” in Athens

When selling a home that has damage and necessary repairs, you may want to consider selling it as-is. Selling the home as-is does not get you out of disclosing issues to the buyer, but it can save you a lot of time and money. If your home is overrun with repairs and damage, you can sell it in its current state at a lesser value, with all of the issues disclosed. An interested buyer would be willing to handle the repairs once they own the house.

Can You Sue a Seller For Defects?

If you buy a house from a seller and you find out there are defects that were not disclosed, you are not necessarily able to sue them. If the purchaser can prove that the defects were known to the seller previous to the purchase and that the repair will cost money or decrease the value of the house, the buyer may be able to sue.

If the seller was aware of the damage and neglected to disclose it to the buyer, there has likely been a breach of duty. According to Williams Oinonen LLC, the buyer would be breaching the duty that they have to the seller by not properly disclosing information about the house. An attorney can help you uphold this claim in court and get the compensation you deserve if you wish to file a lawsuit.

Contact an Athens Real Estate Agent Today

With the help of a trusted real estate agent, you can successfully navigate the disclosure process when selling your home. Contact an experienced Athens, GA realtor today by calling 706-426-1082 to get started.

Georgui Kassaev

Georgui Kassaev was invited to this country in 1996 during the Atlanta Olympic games. The first place he came to call his home after leaving Russia and performing all over Mexico, was Athens. He became a professional mixed martial arts fighter, then coach, and eventually obtained two black belts in taekwondo and Brazilian jiu-jitsu. He formed a specialty carpentry and construction business which sparked his passion for real estate. He then rediscovered his first passion performing. After all, he has performed in the circus since he was eleven years old in front of thousands of people and then again when he was an adult as a professional fighter. In 2018 he landed his first 3 television roles. While acting, he continued developing his real estate skills, becoming a value-add investor in the Classic City and then getting his real estate license. He has now become a listing specialist in the Greater Athens Area, working with homeowners to protect their interests and get them the right price for their property! However, he never abandoned his construction roots and works with investor clients to help them buy properties based on their numbers with no aversion to making multiple offers. Georgui is fluent in three languages Russian, Spanish, and English. He is proficient in video production and social media marketing.

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