Top Ten Legal Mistakes

Top Ten Legal Mistakes

Top Ten Legal Mistakes Home Buyers Make


1. Not realizing that if you don’t write a strong offer to purchase, the seller may reject or not respond to your offer.

2. Not realizing that if you don’t write a strong offer to purchase, you may lose the property to another more highly motivated buyer

3. Not realizing that, without a confidentiality agreement, 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 title records, liens, and other things to ascertain whether the seller will be able to close escrow as scheduled.

6. Not understanding the legal implications of loan and Inspection contingencies, and other contractual provisions.

7. Not obtaining a seller’s disclosures.

8. Not conducting your own inspections and investigations as the buyer.

9. Not fully considering the legal, tax, credit, and other ramifications of home ownership, especially co-ownership.

10. Not properly handling a claim for property defects discovered after close of escrow.

 

Source: C.A.R Legal Department

 

 

Contact Information

Photo of The Rain Team Real Estate
The Rain Team
CA# 01169588 | CA# 01125976 | CA# 01908304
248 Main Street, Suite 200
Half Moon Bay CA 94019
Michael: 650-888-6361
Kathy: 650-888-6903
Fax: 866-396-0207

Kathy and Michael Rain of Coldwell Banker provides real estate services in the San Mateo County, California area including the surrounding communities: El Granda, Half Moon Bay, Montara, Moss Beach, Pacifica and San Mateo. Search for homes in San Mateo County. We list and sell residential real estate, investment properties, vacant land, lots for sale in the San Mateo County, California area.

Licensed in the State of California

Kathy Rain - CA BRE# 01169588 | Michael Rain - CA BRE# 01125976 | Coldwell Banker - CA BRE# 01908304
Cell Phone: (650) 888-6903 * Direct Phone: (650) 712-0411
San Mateo County Real Estate and Homes for Sale

Equal Housing Opportunity