{"id":4903,"date":"2023-01-06T20:43:08","date_gmt":"2023-01-06T20:43:08","guid":{"rendered":"https:\/\/onset-media.com\/eaglesafe\/?p=4903"},"modified":"2023-01-25T12:31:54","modified_gmt":"2023-01-25T12:31:54","slug":"what-effect-does-megans-law-have-on-real-estate-disclosure","status":"publish","type":"post","link":"https:\/\/onset-media.com\/eaglesafe\/blogs\/what-effect-does-megans-law-have-on-real-estate-disclosure\/","title":{"rendered":"<strong>WHAT EFFECT DOES MEGAN&#8217;S LAW HAVE ON REAL ESTATE DISCLOSURE?<\/strong>"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"4903\" class=\"elementor elementor-4903\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-768e0330 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"768e0330\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-49eac83b\" data-id=\"49eac83b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7c8e95a elementor-widget elementor-widget-text-editor\" data-id=\"7c8e95a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.11.1 - 15-02-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Whether you are buying or selling a house, Megan\u2019s Law may have an impact on how the transaction goes.<\/p>\n<p>If you have children, you want to make sure they are safe in their new home. \u201cAre there any sexual offenders close to me?\u201d Megan\u2019s Law can help you figure it out.<\/p>\n<p>This law will be examined and how it may effect real estate disclosures.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-042f01e elementor-widget elementor-widget-heading\" data-id=\"042f01e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.11.1 - 15-02-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">What exactly is Megan\u2019s Law?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6f6d210 elementor-widget elementor-widget-text-editor\" data-id=\"6f6d210\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Megan\u2019s Law mandates sex offenders to have their identities entered into a registry and to notify law police when they move.<\/p>\n<p>Megan Kanka, a 7-year-old girl who was raped and murdered by a convicted sex offender in 1994, inspired the legislation. Her murderer was a neighbor who her parents had no idea was a serial killer.<\/p>\n<p>The law provides parents with information about convicted sex offenders in their community in an attempt to avoid similar horror from happening to other families.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2beeba2 elementor-widget elementor-widget-heading\" data-id=\"2beeba2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What effect does Megan\u2019s Law have on buyers?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7869f74 elementor-widget elementor-widget-text-editor\" data-id=\"7869f74\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Disclosures are frequently required as part of the home-buying process. Real estate disclosure rules in several areas require the seller to disclose any known concerns to the buyer. This could involve concerns with the house, but it could also include issues in the surrounding neighborhood.<\/p>\n<p>This disclosure could be relevant to Megan\u2019s Law in some way. This will inform the customer of how to find out whether there are any sexual predators nearby. If they discover a convicted offender in the community, they may cancel the homebuying process.<\/p>\n<p>This is especially significant for families since it allows them to ensure that they are not moving in next door to someone who could endanger their child.<\/p>\n<p>Researching sex predators is something that should be done before making a purchase.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-df0d1ee elementor-widget elementor-widget-heading\" data-id=\"df0d1ee\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Could Megan\u2019s Law make it more difficult to sell a home?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-57b9c81 elementor-widget elementor-widget-text-editor\" data-id=\"57b9c81\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If you are selling your house and an offender is discovered living close, it may be more difficult to find a buyer.<\/p>\n<p>Even if the offender moved in after you bought the house, it could still have a negative impact on its value. Of course, this is not your fault, and it may make selling more difficult.<\/p>\n<p>Though this condition may cause you to lose money via no fault of your own, you are not required to disclose it. The real estate disclosure only applies to anything you are aware of. You can\u2019t reveal something you don\u2019t know about if you\u2019re not aware of a sexual offender in your community.<\/p>\n<p>There is also no necessity for you to conduct research to assist the customer. Only information you already know about the home and the neighborhood is needed by law to be included in the seller\u2019s disclosure.<\/p>\n<p>Due to \u201cCaveat Emptor\u201d regulations in some areas, vendors may not be required to reveal anything, allowing the buyer to beware.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7c7929c elementor-widget elementor-widget-heading\" data-id=\"7c7929c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Real estate disclosure regulations<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3ddbb91 elementor-widget elementor-widget-text-editor\" data-id=\"3ddbb91\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>While the specifics of what is required in real estate disclosures differ by state, a Megan\u2019s Law Database Disclosure form may be included. This gives the buyer information on how to find out whether there is an offender in the area.<\/p>\n<p>Providing this information is frequently all that the seller needs to do to fulfill their disclosure obligations under the law. It is not the seller\u2019s job to conduct this research on behalf of their buyer.<\/p>\n<p>Even if the buyer is given the information to check to see if there is a sexual offender in the neighborhood, this does not guarantee that they will do so. Even if an offender is nearby, the buyer may be unconcerned enough not to scan the database. This means Megan\u2019s Law will have no bearing on whether the deal proceeds or not.<\/p>\n<p>The buyer will sign the disclosure form, stating their understanding of their rights and the capacity to search for offenders in the region. If they do not conduct adequate due diligence on this, the sale will proceed without regard for the seller.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-67e329b elementor-widget elementor-widget-heading\" data-id=\"67e329b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Last thoughts<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e1ab5ba elementor-widget elementor-widget-text-editor\" data-id=\"e1ab5ba\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Real estate disclosures are required for the buyer to identify any issues with the home or community. Megan\u2019s Law permits buyers to safeguard their family\u2019s safety in their new house, but only if they take advantage of the chance.<\/p>\n<p>REALTORS\u00ae are critical in protecting their clients\u2019 interests. A buyer\u2019s agent should ensure that their client understands everything they need to know before purchasing a home. Part of that includes making certain they understand the disclosure and Megan\u2019s Law.<\/p>\n<p><strong>A local real estate attorney may also be of assistance.<\/strong><\/p>\n<p>While discussing this matter is unlikely to be at the top of anyone\u2019s priority list, applying Megan\u2019s Law to assess the area is something buyers should be aware of.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Whether you are buying or selling a house, Megan\u2019s Law may have an impact on how the transaction goes. If you have children, you want to make sure they are safe in their new home. \u201cAre there any sexual offenders close to me?\u201d Megan\u2019s Law can help you figure it out. This law will be &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/onset-media.com\/eaglesafe\/blogs\/what-effect-does-megans-law-have-on-real-estate-disclosure\/\"> <span class=\"screen-reader-text\"><strong>WHAT EFFECT DOES MEGAN&#8217;S LAW HAVE ON REAL ESTATE DISCLOSURE?<\/strong><\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":5493,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"categories":[1],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/onset-media.com\/eaglesafe\/wp-json\/wp\/v2\/posts\/4903"}],"collection":[{"href":"https:\/\/onset-media.com\/eaglesafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/onset-media.com\/eaglesafe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/onset-media.com\/eaglesafe\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/onset-media.com\/eaglesafe\/wp-json\/wp\/v2\/comments?post=4903"}],"version-history":[{"count":5,"href":"https:\/\/onset-media.com\/eaglesafe\/wp-json\/wp\/v2\/posts\/4903\/revisions"}],"predecessor-version":[{"id":5495,"href":"https:\/\/onset-media.com\/eaglesafe\/wp-json\/wp\/v2\/posts\/4903\/revisions\/5495"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/onset-media.com\/eaglesafe\/wp-json\/wp\/v2\/media\/5493"}],"wp:attachment":[{"href":"https:\/\/onset-media.com\/eaglesafe\/wp-json\/wp\/v2\/media?parent=4903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/onset-media.com\/eaglesafe\/wp-json\/wp\/v2\/categories?post=4903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/onset-media.com\/eaglesafe\/wp-json\/wp\/v2\/tags?post=4903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}