Coldwell Banker Gundaker Home Buyers Guidebook - 2017 | Page 21

YOUR RIGHTS AS A BUYER
Understanding the Language
Inspections
As a home buyer, your Real Estate Purchase
Agreement will typically include a clause allowing
you to conduct a professional inspection(s) of the
property. We recommend that you invest in this
objective visual examination of the physical structure
and systems as they appear and operate at the time
of the inspection. A standard home inspection report
usually covers:
• Exterior components
• Structural components
• Roofing condition
• Interior plumbing
• Electrical systems
• Heating and air conditioning systems
• Interior condition of walls, ceilings, flooring,
windows and doors
• Visible attic insulation and ventilation
A professional home inspector may also provide home
maintenance tips and suggestions for improvements
you may want to consider after purchasing the
property. We believe it’s important to make an
informed decision about a property and hiring a
professional home inspector for an objective assessment gives you that opportunity.
Seller Disclosure
State law requires sellers to provide buyers with a Residential Property Disclosure Statement. This report
indicates any known material defects in the property that the seller is aware of (ie. flooding problems,
leaky roof, cracks in the foundation, faulty furnace, air conditioning or plumbing, or lot line disputes)
By indicating knowledge of any defects in a property through this report, a seller is not obligated to
make repairs. However, if you have signed a contract and then receive information through this report
about any defects, you can rescind the contract within the number of days stated in your contract.
Sellers must also disclose known information on lead-based paint hazards before selling a house. Sales
contracts include a federal form about lead-based paint in the building. Buyers will have up to 10 days to
check for lead hazards.
©2017 NRT Missouri LLC. All Rights Reserved. Coldwell Banker Gundaker fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo
are registered service marks owned by Coldwell Banker Real Estate LLC. Real estate agents affiliated with Coldwell Banker Gundaker are independent contractor sales associates and are not employees of Coldwell Banker Gundaker.
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