Hawaii’s standard home purchase contract and Hawaii State law requires a Hawaii Seller Real Property Disclosure Statement. This disclosure requires the seller to fully and accurately disclose in writing to the buyer any fact, defect, or condition, past or present, that would be expected to measurably affect the value of the property to a reasonable person. Be advised, if you’re purchasing REO (Real Estate Owned) property, the lender often will not provide a Seller’s Disclosure.
Buyers should allow for the possibility that some owners may withhold material facts. They may simply forget that they repaired a roof leak five years ago. Must that be disclosed, even if the repair is complete? Yes. What is the best way to determine the issues that exist with a home? Hire a reputable home inspector. It’s that simple.
A home inspection can make or break a deal, but it is extremely important for a home buyer to know what issues exist with the home they are purchasing. Important issues like mold, a leaky roof and termites may be very expensive problems and facing them head on will benefit the buyer in the long run.
Contact Michael Zimmerman for a referral to a reliable home inspector.
