Home Buyers Now Want Full Disclosure


NEW event in SoCal! Meet the people leading the sector at RealShare Industrial West. The Westin Long Beach, January 19-20. Room block available.

Sawtell: “By giving them a tool with this much critical information and transparency, we believe buyers will be able to more easily assess in which home and neighborhood they would like to live.”
IRVINE, CA—From fire-incident history to drug-lab proximity, today’s home buyers are delving deeper into property information before making a decision on a property, RealtyTrac’s EVP/general manager Mike Sawtell tells The firm is in beta testing with its new home-disclosure report, which provides information on more than 42 factors—not available anywhere else all in one place—that can impact the health, safety and financial security of someone living in the home. The report includes critical information such as nearby registered sex offenders, nearby former drug labs as well as detailed real estate information, such as sales and loan history, building permits and more. It also highlights benefits of a home such as excellent schools and a clean environment free of hazards. We spoke exclusively with Sawtell about what the report offers, why now is the right time to launch it and what it says about home buyers’ concerns regarding buying a home…
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