Buying a home: My $110,000 Tip on how to avoid costly real estate litigation
The most common reason for litigation between buyer & seller is over incomplete or inaccurate disclosure from the seller.
My focus when working with buyers is to ensure the disclosure package is thorough, complete & accurate. The last thing I want for clients is for there to be a costly surprise after escrow closes.
I personally have been through mediation & arbitration with the sellers of our current home (before I was a Realtor) because they did not disclose certain defects about our property. It took several years to settle our case, $30,000 to handle the property defects & $80,000 was spent on legal bills. This was a very stressful experience & something I never want a client to go through.
When we meet we will talk further about the steps I take to protect clients as they complete a home purchase.
In the meantime, check out the tips in this video on the disclosure package review.
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This is what happened when we bought our Burlingame home which inspired me to get my real estate license: How to avoid buying a money pit