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FIND YOUR DREAM HOME OR APARTMENT
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Here is what you do read every word on all the forms if you have a problem ask. I bought my house this year and yes I read word for word, Now the closer was upset the builder was up set. And the other new home owner had to wait for 10 hrs till I read everything and to answer all my questions. Once I sign the forms the next morning I got my keys to the house. And save every form they give you . I knew everything before I signed the forms. Its to easy if you read what you sign and not wait till tax time and say I wasn't told that!!! Most people don't even know that 500 feet below your home is not yours and the builder has all rights to soil, oil, water.
I have spent the last 43 years as a real estate broker in Pennsylvania. Apparently, some of the comments are from Realtors in other parts of the country. The bottom line in PA is full disclosure-it's the law. Dominic Cardone, the quoted source in this article, knows more about PA law than most. He is spot on with his comments. Sure, attorneys can represent buyers or sellers at closing; however, no one really wants to pay their fees. The easiest way to lose your license in PA is not have the aforementioned disclosures properly signed by all parties.
Joe Kandala, CRB, GRI
Always use a lawyer, buyers and sellers. That's how to avoid unscrupulous folks at either end of the transaction. And - if you're not comfortable, walk away from a deal before it gets too far along the path.
A real estate transation is not possible, and an agent can not get their commissions without these disclosures completed, so this article is essentially pointless.