Ep. 42 – Disclosure Requirements
Keywords
real estate, disclosure, psychologically impaired property, negotiation, personal situations, home buying, home selling, real estate podcast, Louisiana real estate, property disclosure
Summary
In this episode of the RE: Real Estate Podcast, hosts Ben Harang and Clint C. Galliano discuss the critical importance of disclosure in real estate transactions. They delve into the nuances of what needs to be disclosed, particularly focusing on psychologically impaired properties, and the implications of personal situations on negotiations. Through real-life stories and experiences, they highlight the complexities of disclosure laws and the ethical considerations involved in real estate dealings.
Takeaways
· Disclosure is crucial in real estate transactions.
· Psychologically impaired properties do not require disclosure by law.
· Personal situations should not be disclosed to avoid negotiation disadvantages.
· Buyers can investigate properties during the inspection period.
· Disclosure laws vary by state, impacting what sellers must reveal.
· Transparency can build trust between buyers and sellers.
· Real estate agents should guide clients on disclosure best practices.
· Neighbors can provide valuable information about a property.
· Understanding the emotional impact of property history is important.
· Ethical considerations in disclosure can affect sales outcomes.
Sound bites
"Disclose, disclose, disclose."
"Don't open a can of worms."
"It's a heavy topic there, Clint."
Chapters
00:00 Introduction to Disclosure in Real Estate
02:31 Understanding Required Disclosures
05:08 Psychologically Impaired Properties
07:40 Personal Situations and Negotiation
10:09 The Risks of Over-Disclosure
12:54 Real-Life Stories and Experiences
15:27 Conclusion and Key Takeaways
Hosts
Ben Harang, REALTOR® La.
License #: 36589
Keller Williams Realty Bayou Partners
Mobile: 985.859.2500
Office: 985.262.4400
benharang.com
Clint C. Galliano, REALTOR®
La. License #: 995704723
Keller Williams Realty Bayou Partners
Mobile: 985.647.4479
Office: 985.262.4400
clintcgallianorealtor.com
Produced by Clint Galliano
Music by Wiggins Studios
Click here to view the episode transcript.
Click here to watch a video of this episode.
