Avoid Real Estate Lawsuits, when selling a house in California
If you are selling a house in California, you need to be aware that you can get sued.
For example, you sell your house and later the buyer claimed that you didn’t disclose an issue with the foundation of the house which you had no idea there was even a problem!
You quickly learned that ignorance is no excuse when it comes to real estate laws.
Next thing you know you’re hiring a lawyer to get the whole mess sorted out in court.
It can be a stressful and expensive ordeal that you never want to go through.
Avoid Real Estate Lawsuits
So, my advice to you is to always be upfront and transparent when selling a property, or you might find yourself in a similar situation.
Avoiding a Real Estate Lawsuit: Tips for Home Sellers
You’re getting ready to sell your house and move on to a new chapter in life.
You put your house for sale, and you find a buyer and close escrow (escrow our use in California to handle the paperwork and transfer the monies) everything seems to be going smoothly until that buyer hits you with a real estate law sue.
Yikes! To prevent this nightmare scenario, here are some tips for home sellers:
1. Disclose everything: Don’t leave anything out when it comes to the condition of your property. Be honest about any issues or defects, no matter how minor they may seem.
2. Get everything in writing: Make sure all agreements and disclosures are documented in writing. This can help protect you in case of any disputes down the road.
3. Hire a real estate professional: Having a Realtor with experience can help you navigate the complexities of real estate laws and avoid potential lawsuits.
By following these tips, you can hopefully steer clear of any real estate lawsuits and have a smooth selling experience.
Steve Olmos
Selling real estate in Southern California since 1980
Steve Olmos: www.steveolmos.com
Homequest Real Estate
Diana Olmos: www.mortgagemarketingmentor
Statewide Funding Inc.
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