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How to Avoid Lawsuits When Selling a Home

By Edited Jan 24, 2014 0 0

Placer County real estate could prove to be hugely profitable. Or, more accurately, selling such real estate will bring great profits provide you go about things correctly. Avoiding serious legal issues would definitely be a great way to prevent such drains on the seller's profitability.

Selling a home has many benefits to it. Many will sell their property for the purpose of making a down payment on a new home. Others will simply take advantage of a real estate boom and welcome the huge profits such a sale can deliver. And, quite frequently, the process of selling a home is a lot easier than most people realize. The key, however, is to ensure the process remains one free of complexities. That means you need to take the steps to reduce the potential of a lawsuit when you make a sale. Yes, the specter of a lawsuit is something you must be wary of.

Are lawsuits common with sales of Rocklin Real Estate? No, the instances of such lawsuits are relatively rare. However, there are ways to ensure such lawsuits become even rarer. Here are a few common sense methods that will protect the seller. That means you need to take the steps to reduce the potential of a lawsuit when you make a sale. Here are a few of these steps.

Always be upfront and honest about any defects in the home. A defect may not even dissuade someone from making a home purchase. The defect may lower your selling/asking price on the home and that is to be expected. Those that deliberately withhold information hoping to boost the ability to sell their home co

Rocklin  (30177)
mpletely set themselves up for a lawsuit. Such an act is little more than blatant dishonesty and it needs to be avoided or else serious legal repercussions might be the end result. Be sure that your descriptions of the home are accurate. Do not mistake the dimensions of the home. This could be considered fraud under certain circumstances.

Closely related to this would be the concept of having a clear and definitive idea regarding the condition of the property. Just because the home owner might not consider a defect to be, well, a defect does not mean something isn't amiss. Again, you will need to take the proper steps to have your property effectively inspected and appraised prior to selling it. To do otherwise could be considered a disclosure violation even though it was not done outright on purpose.

Whether intentional or unintentional, not disclosing a defect can lead to a lawsuit. Never forget this point.

Never imply anything that might not be accurate. Do you have a hunch that the real estate value may increase in a few years? You need to be very careful about how you would word such a sentiment to the potential buyer. And, in many instances, it might be best to keep your speculations about Rocklin homes for sale to yourself. You never know if your words might come back to haunt you if things do not happen as you suggested.

Do not make any promises you cannot deliver on. Some might sell a home with the promise of building an addition on the home after the sale. Then, they do not follow through on the promise. This can be considered an over the top illustrative example but it reflects common bad faith deals – intentional or otherwise – that sellers might make. Never make a promise that you are unable to deliver on as this could lead to a lawsuit quite quickly.

When hiring a sales representative, always be sure you are working with a reliable, reputable, and experienced Rocklin real estate agent. Do not assume that because a real estate agent errs or does something "below board" the owner of the home will not be responsible. This may not be the case in certain situations. So, you need to look towards hiring the services of an honest and legitimate real estate agent. To do otherwise could prove problematic to say the least.

Avoid any and all discriminatory practices when selling a home. The vast majority of homeowners would never entertain thought of discriminating against potential buyers. Yet, there are some out there that might and they end up being truly deserved of the lawsuits such practices deliver.

Certainly, no one wants to be involved in a lawsuit. Yet, this is exactly where many people find themselces due to making a host of common errors when selling a home. Avoid such errors and you be pleased to discover the potential for bein sued is reduced as well.

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