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Disclosure Laws >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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| Q |
What are three of the best indicators of real estate market trends?
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| A |
Existing home sales, new home building and mortgage interest rates.
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Thomas Gooch
American Residential Communities
704 Central Parkway East Suite 1208
Plano, TX 75074
Local: (888) 475-3945
Email: thomasgooch@number1expert.com
Our business is all about community. A neighborhood to belong to. A place where you feel comfortable. You’ll feel right at home in an American Residential community, complete with desirable amenities like a clubhouse, swimming pool and a playground for the kids. Our communities are friendly neighborhoods where you’ll feel welcome. Our professional on-site management teams go the extra mile to make sure of it
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