Comments on: Risk Management And Six Steps Every Home Seller (And His/Her Agent) Should Take To Protect Themselves From Future Lawsuits http://siliconvalleyrealestateinfo.com/risk-management-and-six-steps-every-home-seller-and-hisher-agent-should-take-to-protect-themselves-from-future-lawsuits.html Los Altos Realtor Serving Silicon Valley Buyers and Sellers by Combining Local Insight With Professional Representation Fri, 12 Mar 2010 02:48:04 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: The Real Estate Carnival Comes to Pasadena » Pasadena California Real Estate Blog http://siliconvalleyrealestateinfo.com/risk-management-and-six-steps-every-home-seller-and-hisher-agent-should-take-to-protect-themselves-from-future-lawsuits.html/comment-page-1#comment-206 The Real Estate Carnival Comes to Pasadena » Pasadena California Real Estate Blog Mon, 22 Sep 2008 17:19:03 +0000 http://siliconvalleyrealestateinfo.com/risk-management-and-six-steps-every-home-seller-and-hisher-agent-should-take-to-protect-themselves-from-future-lawsuits.html#comment-206 [...] Blockhus presents Risk Management And Six Steps Every Home Seller (And His/Her Agent) Should Take To Protect Themselve... posted at Silicon Valley Real Estate Guide. Dave’s information is sound advice. “When [...] [...] Blockhus presents Risk Management And Six Steps Every Home Seller (And His/Her Agent) Should Take To Protect Themselve… posted at Silicon Valley Real Estate Guide. Dave’s information is sound advice. “When [...]

]]> By: Mary Pope-Handy http://siliconvalleyrealestateinfo.com/risk-management-and-six-steps-every-home-seller-and-hisher-agent-should-take-to-protect-themselves-from-future-lawsuits.html/comment-page-1#comment-189 Mary Pope-Handy Fri, 19 Sep 2008 02:54:52 +0000 http://siliconvalleyrealestateinfo.com/risk-management-and-six-steps-every-home-seller-and-hisher-agent-should-take-to-protect-themselves-from-future-lawsuits.html#comment-189 This is great advice you're providing to sellers. They should really always ask themselves "how would this look in front of a judge?" if they don't disclose it. (I believe it was Ron Rossi who preached that way back when....) The #1 issue in real estate lawsuits is non-disclosure (or under-disclosure) by sellers to buyers. If the sellers close and get all the money, the buyers close and get all the headaches, where do you think the judge's sympathies may lie? Sellers need to view these papers as a helpful guide in what to disclose. They also need to realize that they must disclose anything that would impact a buyer's decision to buy and how much to pay - even if the exact question is NOT on any particular form. A good real estate professional will help them to meet their disclosure obligations by understanding not just the words on the forms, but the intention of the law. Great topic! This is great advice you’re providing to sellers. They should really always ask themselves “how would this look in front of a judge?” if they don’t disclose it. (I believe it was Ron Rossi who preached that way back when….)

The #1 issue in real estate lawsuits is non-disclosure (or under-disclosure) by sellers to buyers. If the sellers close and get all the money, the buyers close and get all the headaches, where do you think the judge’s sympathies may lie? Sellers need to view these papers as a helpful guide in what to disclose. They also need to realize that they must disclose anything that would impact a buyer’s decision to buy and how much to pay – even if the exact question is NOT on any particular form.

A good real estate professional will help them to meet their disclosure obligations by understanding not just the words on the forms, but the intention of the law.

Great topic!

]]>