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Top 10 Legal Mistakes Home Sellers Make
1. Accepting the buyer with the highest offer without regard to the other contractual terms.
2. Not properly handling multiple offer situations with multiple buyers.
3. Not properly handling back-up offers.
4. Entering into an agreement with no earnest money deposit or too little from the buyer.
5. Entering into an agreement before verifying the buyer's financial ability to close escrow.
6. Not disclosing known material fact affecting the value or desirability of the property.
7. Not providing the buyer with legally required disclosures.
8. Not obtaining the buyer's written acknowledgment of disclosures.
9. Not considering whether to require the buyer to remove contingencies.
10. Not excluding items from sale that the seller wants to keep.
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Based on information from California Regional Multiple Listing Service, Inc. as of Dec 21, 2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Display of MLS data is usually deemed reliable but is NOT guaranteed accurate.
Datafeed Last updated on December 21, 2024 @ 12:00 am
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