|Posted:||January 17, 2017 04:12 PM|
|From:||Representative Tina M. Davis|
|To:||All House members|
|Subject:||Requesting Co-sponsorship: Requiring the Disclosure of Rights-of-Way on Sellers Property Disclosure Statements|
|In the near future, I plan to re-introduce House Bill 1833 of the 2015-2016 Legislative Session. This measure amends Title 68 (Real and Personal Property) of the Pennsylvania Consolidated Statutes by adding rights-of-way, easements and access limitation to the list of required disclosures made by the seller on property disclosure statements.
Purchasing a home is exciting and the most important purchase consumers make in a lifetime. Typically, a prospective homeowner’s primary concern is with the condition of the property. However, they often fail to consider possible limitations that can affect the usage of the property.
As a realtor, I am all too familiar with the scenarios that can result from this oversight. For example, a buyer envisions building a fence, but after closing learns that constructing a fence is prohibited as it will block access to the property required by utility companies. Had the rights-of-way been previously disclosed, negotiations and the decision to purchase would surely have been impacted. As purchasers rely heavily on the information provided on the sellers property disclosure form, this is the perfect place to note such limitations.
All prospective buyers have the right to understand the particular circumstances affecting a property under their consideration. By requiring the disclosure of this crucial information, we can aid homeowners in making an informed decision when purchasing a home.
Please join me in co-sponsoring this important legislation.
Introduced as HB573