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Top 10 Legal Mistakes Home Buyers Make
1.Not realizing that if you don't write a strong offer to purchase,seller may reject, or not respond.
2 Not realizing that if you don't write a strong offer, you may lose the property to another buyer.
3.Not realizing that a seller need not treat your offer as confidential
4. Not understanding when a contract becomes legally binding.
5.Entering into an agreement before checking if the seller will be able to close escrow due to records/ liens.
6.Not understanding legal implications of loan and inspection contingencies,other contract provisions.
7.Not obtaining seller's disclosures including disclosures mandated by law.
8. Not conducting your own inspections/investigations as the buyer.
9.Not understanding legal,tax,credit, and other ramifications of homeownership.
10.Not properly handling a claim for property defects discovered after close of escrow.
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Based on information from California Regional Multiple Listing Service, Inc. as of Dec 30, 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 30, 2024 @ 12:00 am
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