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Real Estate Tips
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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Real Estate Trivia
Q 
Which famous home designed by Thomas Jefferson showed forms of Greek and Roman architecture?

A 
Monticello, begun in 1769, was later enlarged in keeping with its classical forms.
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Ed Smith, REALTOR®, real estate agent and broker for Albuquerque and Rio RanchoNew Mexico home listings, property and land for sale - NUMBER1EXPERT(tm)

Ed Smith
RE/MAX Masters

6705-A Academy NE
Albuquerque, NM 87109
Cell: 505-263-4423
Fax: 505-883-9244
Toll Free: 1-800-753-2782
Email: edsmith@NUMBER1EXPERT.com
General Email: EdSmithTeam@comcast.net

"I am celebrating 26 years of real estate in Albuquerque, Rio Rancho and surrounding areas!"

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