Smith Mountain Lake real estate, home listings and homes for sale in Virginia, lakefront property and country club real estate - Jane Sullivan Horne, REALTOR® Jane Sullivan Horne REALTOR(r) for Smith Mountain Lake, Virginia real estate, lakefront property and country club real estate - NUMBER1EXPERT™ Jane Sullivan Horne NUMBER1EXPERT(tm) for Smith Mountain Lake, Virginia real estate, lakefront property and country club real estate
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Jane Sullivan Horne, REALTORŪ, real estate agent and broker for Smith Mountain Lake Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)
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Real Estate Tips: Smith Mountain Lake Virginia home buying, real estate listings, and homes for sale in Franklin County, VA
Welcome > Resources > Tips > Disclosure Laws > Potential Problems ...


Potential Problems

Every house has some "quirks", and some have material defects that may affect the sales agreement or the asking price. Placing a less-than-perfect house on the market is fine as long as you and your real estate agent give the buyers information on any "hidden defects".

Most litigation in real estate transactions involves the buyer suing the seller for failure to disclose a problem. Whether it is a leaky roof, dry rot, plumbing or heating problems, or a wet basement, most courts do not apply the "let the buyer beware" rule to real estate transactions. Even if the buyers had a structural inspection and you sold the property "as is," you may be held responsible for undisclosed defects.

Sellers have an obligation to disclose both obvious and hidden defects. Courts have not been sympathetic to sellers who have lived in a house and are in a position to know what works and what doesn't, but do not fully reveal the facts. This is one area where honesty is the only policy. Ask your agent for help if you are unclear about any aspects of the disclosure form.



Do These Real Estate Tips Really Apply to YOU? 

I've learned these tips through years of experience as a top REALTORŪ. But I know that YOUR situation might be different. That's why I'm here. 

It's my job to personally advise homebuyers and sellers. Ask me if any tip that I've included here really applies to your situation. 

Do any of these tips raise questions for you? Didn't find what you're looking for? Let me know! I am happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly... 

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Jane Sullivan Horne, REALTORŪ, real estate agent and broker for Smith Mountain Lake Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Jane Sullivan Horne
Prudential Waterfront Properties

2740 Water's Edge Drive
Penhook, VA 24137
540-576-1333
540-576-2555
540-493-1690
Fax: 540-576-1579
Jane@JaneAtTheLake.com

As a native of North Carolina, I originally became involved in sales to put myself through school at Appalachian State University. In 1983, I moved to Smith Mountain Lake and have enjoyed a successful career as a full time Realtor for the past 25 years.

My home is at The Water's Edge with my husband, Bill, and son, Trey. In 1986, I became the first permanent resident of The Water's Edge. This has been a great source of joy for me as well as a real benefit for my customers. I live here, work here, and play here, so I know the lake and its surrounding areas. My goal is to help my customers find the perfect property so that they can enjoy the same lifestyle I do.

Each year since beginning my career, I have been recognized for sales excellence by The Roanoke Valley Association of Realtors receiving the top two awards given. I attribute that success to tremendous customer referrals, fantastic properties and a lot of hard work.

Whether your are ready to buy or sell, let my years of experience help you!

MLS REALTOR Equal Housing


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