Do you get nervous or stressed when it comes to discloses or big real estate terms that you might not understand? There could be legal issues when buying or selling a home that can cost you thousands. Stay tuned, that’s why I am going to let you know how to avoid these legal mistakes when buying or selling a home.
Hi everyone today we are talking about How to Avoid Legal Mistakes when Buying or Selling a Home. We are going to point out 2 common examples of legal clauses that can work to your disadvantage if not worded correctly.
Here are 2 common examples of legal clauses that can work to your disadvantage if not worded correctly.
The first clause is a Home Inspection Clause. Some real estate transactions have fallen through because of the wording of the inspection clause. This clause states that the buyer has the right to rescind their offer if they were dissatisfied with the outcome of a home inspection. This clause should read that the seller has the option to fix any items that the home inspection flags, The wording protects both the buyer and the seller.
The second Tip is Swimming Pool Clause. If the home you are buying or selling has a swimming pool, there should be a specific legal clause which addresses this costly item. The broadness of this wording protects buyers, but is not necessarily in the best interest of sellers who might instead request that the clause be worded to indicate that, of closing, they believe the pool to be in good working condition.
By being aware of these and other legal issues, and by seeking advice from an experienced real estate professional and obtaining legal counsel, you can protect yourself against unnecessary cost and potential hardship.
If you would like to get a free full report visit our website shown on the screen https://www.riversidecountyrealestateinformation.com/coaching_legal or give me a call 951-447-8381 or if you anyone you know if buying or selling a home again call me at 951-447-8381 and start packing or pass on my number.