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Are You Doing Some of the Right Things to Possibly Avoid RE Lawsuits?

Not being a lawyer, I would consider these items will lead you to the court room real quick:  The top sources of RE litigation are:  "What is that on the ceiling?"  Don't speculate!  Seller, "We don't need to disclose everything on the inspection report do we?"  Disclose everything...if they won't then walk away from the listing.  Buyer: "Where are the boundary lines of the property"..recommend they hire a surveyor.  Buyer:  "How much lower do you think the seller will go?"
You need to have them right an offer in order to find out.  Buyer:  "How is the crime rate/"  You:  Tell them to go on line for ethnic, crime, census, schools and demographics data...for that information.  Buyer:  "Think we need an inspection?"  Of course and a home warranty should be considered.  The bottom line is:  Don't say anything negative about anyone, never say what your buyer or seller will do, and never make a guess at the condition of the property...this way you have a good chance of staying out of jail or at least the Court room.
  • April 28 2011 - US
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Answers (1)

Profile picture for the_country_hick
Now after getting all of your non-answers I wonder if you know anything.

The catch 22 is in effect.
  • April 28 2011
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