Rich Dad\'s Advisors®: The ABC\'s of Real Estate Investing : The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad\'s Advisors)

I am thinking of selling my home to one of those ‘’we buy houses'’ companies. They claim to buy ‘’as is.'’ They ask the seller to inform them of any repairs needed, but they also say if the seller does not inform them of any necessary repairs, they presume repairs are necessary anyway. This firm offered me a very low price.

Most states, including Florida, have laws requiring home sellers to disclose known defects of the residence in writing. Making an ‘’as-is'’ home sale is not a method to avoid liability for undisclosed defects of which you are aware. If you sell to those professional buyers at a price heavily discounted from market value, you should insist on a written waiver in the sales contract that you have disclosed all known defects, and the buyer has investigated and will not hold you liable for any hidden defects that might become evident later.

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