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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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What is the world's most expensive Monopoly set?
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San Francisco jeweler Sidney Mobell created an exclusive $2 million Monopoly set, with solid 23 carat gold houses, chimneys made of rubies and sapphires and dice with 42 full cut diamonds for spots. |
 See More Real Estate Trivia > |
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Arthur Welch
Realty World Superstars, LLC.
3939 North Holt Drive
Buckeye, AZ 85396
Office: 623-882-8882
Fax: 623-298-5660
arthurwelch@NUMBER1EXPERT.com
With over 20 years in the real estate industry, I bring valuable knowledge to the home buyer, investor, or asset manager. Having sold all types of homes and worked in many different jobs related to homes I can help the first time buyer as well as the custom home buyer, or the small or large investor. A 5 time Centurion Award winner with Century 21 and Top Producing Agent in the world for Realty World for 2008, 2009, and 2010. I could not do all this without a very good team to help me. Our goal is helping our clients achieve their objective in real estate. My team specializes in finding great deals in Buckeye, Avondale, Surprise, Tonopah, Glendale and Goodyear Arizona.    
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