Hampton Roads Real Estate notice Failure to disclose knocks out Muhammad Ali

Former Boxing Champ Muhammad Ali and his wife, Yolanda, are suing the couple who sold them their Louisville, Ky., mansion, according to multiple reports. 

 

Ali and his wife claim that the former homeowners, Patrick and Beverly Lancaster, lied to them about problems with the home. The problems were discovered after moving in.

The lawsuit states that the Alis were not informed of roof and chimney leaks, poor insulation, improper ventilation and mold.

Ali also says the Lancasters were well aware of these issues but still sold the home.

The Alis purchased the home in 2007

In Southern Virginia, Hampton Roads 7 cities from Virginia Beach to Williamsburg buyers are given a property disclosure disclaimer that states it is the buyer who needs to perform all prudent inspections and find out about the condition of the home, zoning, schools, and adjacent parcels before closing.  However, it does not relieve a homeowner from disclosing all known relevant problems with the home.  I do not like the form because it is not specific.   I like the old form that asked specifically does your roof leak yes or no.  Has your roof leaked yes or no.    With the new form if someone is going to lie or omit info you will not know unless you figure it out later.  In Hampton Roads, Of course certain property types are exempt from given any property disclosures at all such as bank foreclosures and new construction.

In Virginia Home Inspectors do not have to be licensed.  Any Tom, Dick or Harry can grab a ladder and a clip board and do an inspection.  I suggest to my buyers that they use a certified home inspector that are members of either the National Association of Home Inspectors  Nahi.org  or The American Society of Home Inspectors  ASHI.org.  These inspectors  have to meet certain testing requierments and perform a required minimum of inspections to remain certified. So hopefully you will have a better chance at making sure items are not missed………..

THE HAMPTON ROADS REAL ESTATE LADY!

Call me to buy a home in any Hampton Roads area: Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Newport News, Hampton, Williamsburg, and now serving York County and the Peninsula.                                     

“I can dream alone, build alone and strive alone, but true        

success always requires the help and support of others.

Please send me your referrals.”

 

Visit my website today,

The Hampton Roads Real Estate Lady!         

Deandrea “Dee Dee” Jones                                                          

Associate Broker / Recruiting Sales Manager Peninsula    

Blu Skyy Realty   Virginia Beach, VA 

http://DJonesRealEstate.com

 djoneshomes@gmail.com

 

 

 

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About djonesrealestate

Contact me for all you real estate buying and selling needs in VA, DC, and MD. Need to find an agent in a different city- contact me and I can also help you relocate Nationwide! Let me give you the Red Carpet Treatment! I have been a Real Estate agent since 1996 previously licensed in California and Illinois, and currently licensed in Virginia, Maryland, and Washington DC. I am a mother of three and a Navy spouse, as your agent I am committed to exceeding your expectations. Whether you are a first time home buyer or some one who has bought and sold several homes I offer all my clients the benefits of professional customer service, industry experience, and innovative marketing. If you work with a church or non-profit group and would like me to host a home buying course. Please feel free to contact me! DeAndrea Dee Dee Jones Principal Broker DC, MD Realtor VA Home Buyers Marketing II, Inc HBM2, Inc. DJonesRealEstate.com

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