The Owners Property Disclosure

Your owner's property disclosure is your opportunity to protect yourself against claims made against you of items that were "latent" or "material" defects in the home that the buyer was not informed about.   A  material defect is a specific issue with a system or component of a residential property that may have a significant, adverse impact on the value of the property, or that poses an unreasonable risk to people. A latent defect is a fault in the property that could not have been discovered by a reasonably thorough inspection before the sale. Examples might be that a seller is aware that the basement floods during periods of heavy rain, but unless the inspector is examining the home during a rainy day, they may not discover that fact.  Disclosure is a powerful tool for a seller to ensure that they will not be held liable for future damages or loss of value to the home. Your Realtor will advise you as you review the Property Disclosure, what types of information are critical to disclose.  

*Montana Realtor Finder is the property of Leza Vargas of Beartooth Realty licensed in the state of Montana License number RRE-BRO-LIC-71415.  Realtors are matched with agents based on questionnaires submitted to Realtors in the area and the wishes of the clients.  Realtor participation is completely voluntary.  Clients are in no way obligated to utilize the Realtor they are matched with, it is simply a tool to match approaches and communication preferences.  Montana Realtor Finder makes no claims as to the qualifications of the recommended Realtors and strongly suggests that the clients ask questions and determine expectations prior to signing with any Realtor.  Should the client choose to utilize the agent recommend for them and the match results in a closed sale either on the buying or selling side, a referral will be paid.  If you are currently working with a Realtor this website is not intended to solicit clients away from agents with existing contractual agreements. .  

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