Colorado Springs Vintage Homes Blog

Real Estate Dictionary, “L” is for Latent Defects

Knowledge is Power — Real Estate Dictionary

  For a free Buyers Guide, Email Kathy Torline at KTorline@msn.com

I’m looking at buying a house in Rockrimmon, and my Colorado Springs Realtor said that I should check for latent defects, what is she talking about?   A latent defect is a physical weakness not noticeable after a reasonable inspection of the property.  Since some homes in Rockrimmon were built over old mines; you may want to have structural engineer involved in the inspection.

Why do I need to find out if a home in Old Colorado City has lead-based paint in it?  Because, lead-based paint is a hazardous product that is no longer manufactured and it is potentially poisonous   The presence of lead-based paint must be  disclosed to buyers and tenants residing in a property built before 1978.

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Tags: Colorado Spings Real Estate, Colorado Springs CO homes, colorado springs co real estate, Colorado Springs Realtor, Homes in Colorado Springs, lead based paint, Legal age, mechanic liens, mechanics lien, Real Estate Dictionary