Released on: March 26, 2008, 4:06 am

Press Release Author: Mark Maupin

Industry: Real Estate

Press Release Summary: Property investment can be very lucrative however there is
some risk involved. It is important that property be researched and that investors
are aware of the ramifications regarding the house/property they are planning to
purchase. Buyers are entitled to seller disclosures that should list all pertinent
information. The following list includes some of the basic research that should be
done prior to making a purchase:

Press Release Body:
1) A Property Disclosure Statement includes material facts, deaths on the property
and recent repairs. Property Disclosure Statements are required by law in most
states (in California it is required by Civil Code and is called a Transfer
Disclosure Statement).
2) The HUD-1 is a settlement statement showing line item charges. The HUD-1 was
created in an effort to simplify the disclosure of closing costs and it does so line
by line so that the parties to the transaction are aware of all charges.
3) The Preliminary Title Report or Title Commitment should contain any information
regarding easements or plans for any sort of construction on the property such as a
backyard pool, fence and various other additions.
4) The covenants, conditions and restrictions (CC&Rs) are a matter of public record
and affect the way the property can be used.
5) The lead-based paint disclosure gives the buyer 10 days to inspect for lead-based
paint unless both parties agree to waive this right. There is a Lead-based paint was
banned in 1978; however, even though a property was built after 1978 does not mean
that it is lead-free.
6) The radon gas test. Radon gas has been linked to deaths from cancer and can
contaminate the property\'s water sources.
7) The toxic mold test is usually simple and reasonably inexpensive. It is extremely
important that these tests be performed and disclosed since some issues with mold
can be excluded from the homeowner\'s insurance policy, and keep an owner from
getting homeowner\'s insurance in many cases.
8) Termite and Power Post Beetle inspections. Termite inspections are a normal part
of the process of buying a home. Power post beetles are not as well known. These are
a specific type of beetle that eats wood. It is important to get the information
about termite and post beetle inspections and how to inspect for damage before the
deal is finalized.
The last item is extremely important. Natural Hazard reports disclose various
conditions that could affect the property, such as whether the property is subject
to shifting sands, fires, flooding or lies on a fault line. It is important to be
aware of all this information before finalizing the purchase.
Jeff teaches the real estate secrets of purchasing pre-foreclosure properties while
executing real estate theory to actual practice. To learn more go to
http://www.freeshortsalecourse.com/


Contact Information:
Paramount Promotions LLC (The Countries Leading Short Sale Trainer)
Mark Maupin
303-B Anastasia Blvd. #148
St. Augustine, FL 32080
904-819-0676
Email Address: mgeronimo@thejeffkaller.com
This Press Release has been submitted by PREasy.com


Web Site: http://www.jeffsworkshop.com/

Contact Details: Mark Maupin
303-B Anastasia Blvd. #148
St. Augustine, FL 32080
904-819-0676
Email:mgeronimo@thejeffkaller.com