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Real Estate Tips

Welcome > Resources > Tips > Disclosure Laws > Disclaimer Clauses ...

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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Real Estate Tips

Short Sales >4. How Can My Agent Help Me During a Short Sale?

If you wish to short sell your home, your agent is your best asset. As soon as you fall behind on mortgage payments and the threat of foreclosure sets in, talk to your real estate agent about getting help with a short sale. If your agent doesn’t offer to help you with a short sale, find an agent who will.

When applying for a short sale, your lender will require some documentation from you proving your financial hardship and your inability to pay your mortgage. (The documentation varies by lender, but it could be past pay stubs or tax forms.)

After you gather this information, there will be a considerable amount of of short sale paperwork. This is where your agent comes in. Your agent can be an asset by filling out all of the short sale paperwork. Once you turn the sale over to them, they can shoulder the work for you.

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Real Estate Trivia

Q 
What has a tremendous impact on the U.S. economy, comprising between $10-$15 trillion of the nation's wealth?

A 
Real Estate--it goes through cycles, but still has a long-term record of strong investment return.
See More Real Estate Trivia >

The Rob Ellerman Team, REALTOR®, real estate agent and broker for Lee's Summit, Overland Park, Olathe and Kansas City, Missouri home listings, property and land for sale - NUMBER1EXPERT

The Rob Ellerman Team
Reece and Nichols Realtors

1153 Northeast Rice Road
Lees Summit, MO. 64086
Office: 816-251-1435
Fax: 816-524-4665
Email: rob@reeceandnichols.com

Let me give you a brief overview of what I believe makes a great agent. Most agents continue to do things that were being done years ago to sell real estate. If you are looking to buy or sell and you have internet access and would like to use it during your home buying or home selling process, please shoot us an email and let’s chat for a few minutes. My goal is not to brag about my status in the company and how much I sell, it’s to make your next move as fun and painless as possible. Top agent status always seems to follow. I look forward to hearing from you.

Equal Housing REALTOR RELO MLS


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