Most states require the seller of a property to provide information to the buyer about the condition of the property being sold. This doesn’t mean that the seller has to disclose everything about the home, just the facts that are known to him or her.Typically, this information will include some of the following:
- Does the seller have the legal authority to sell the property
- Are there encroachments, boundary agreements, or boundary disputes
- If the property is served by a public or community sewer main, is the property connected to the main
- Have there been any roof leaks and if so has it been repaired
- If there have been any conversions, additions, or remodeling, were permits obtained
Once the property has been purchased, the next step is to insure it. This can be a bit of a headache, as the list of things to consider in order to make a decision is massive. Thankfully companies exist that provide services to facilitate this endeavor for the people that decide to work with them. https://homeownersinsurancecover.net/ is one such site, and a very reliable for precisely this purpose at that. Be sure to move in on this as soon as your agreement for the property is closed, or you may face a very serious situation that could bankrupt you and your family.