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Real Estate Tips
Disclosure Laws >Defects Must Be Revealed

Disclosure laws make it important to reveal all material defects when you are selling a home. It is important to be absolutely candid with your agent and all buyers about the condition of the property. If there is anything wrong with the roof, the plumbing, the wiring or structure, it will probably not remain a "sleeping dog". The problem will probably wake up, snarl, growl and snap at your ankles at the precise moment your buyers feel their first stirring of buyers' remorse.

It is unlikely that defects will go undetected, because most buyers get a home inspection before they are contractually obliged to complete the purchase. Even if the problems do not surface before the closing, your liability does not end after the closing for any defects you may have forgotten to report. Buyers almost never accept misrepresentation graciously, but they can usually deal with a house that is short of perfection if they know what they are getting into from the beginning. When selling your home, your real estate agent will provide you with a seller's disclosure form. Protect yourself by clearly describing any material defects prior to the sale.

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Real Estate Trivia
Q 
What does the abbreviation PITI stand for?

A 
Principal, Interest, Taxes and Insurance are the four major items included in a monthly mortgage payment.
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Jolie Powell, REALTOR®, real estate agent and broker for Port Jefferson, Stony Brook, Miller Place and Long Island, New York home listings, property and land for sale - NUMBER1EXPERT

Jolie Powell
CIPS, E-PRO, SRES, CBR, TRC

Jolie Powell Realty
406 Main Street
Port Jefferson, NY 11777
Direct: : 631-774-2528
Fax: 631-774-2528
Office:: 631-473-0420
JoliePowell@NUMBER1EXPERT.com

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Jolie Powell has been a distinguished leader in the Real Estate industry since 1987. Prior to entering the world of Real Estate, Jolie had a successful career in advertising in Manhattan, New York.

Always working to be at the top of her profession, Jolie has received her Certified International Property Specialist (CIPS) designation, Certified Buyer Representative (CBR) and Senior Real Estate Specialist (SRES) designations. Jolie also serves as Director of the Multiple Listing Service of Long Island and now elected as Zone Chairperson for the MLS.

Jolie’s expertise in counseling buyers and sellers brings people together from Long Island and, indeed, from all over the world. Having lived abroad and traveled extensively, Jolie has an excellent understanding of many cultures. As a Cuban-born American, Jolie is fluent in Spanish and communicates well with domestic and international clients, as well as professionals in other fields.

Jolie is proud of the high level of trust she and her clients have established and she looks forward to continue building exceptional client broker relationships.


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