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Home Buyers Now Want Full Disclosure

IRVINE, CA—From fire-incident history to drug-lab proximity, today's home buyers are delving deeper into property information before making a decision, RealtyTrac's Mike Sawtell tells GlobeSt.com in this EXCLUSIVE look at the firm's new home-disclosure report.

By Carrie Rossenfeld | Updated on December 18, 2015

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 GlobeSt.com. 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.

GlobeSt.com: What are the most unique features about your company’s new home-disclosure report?

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