Don’t make these legal mistakes!

Are you selling your home? The Lawhead Team would like to share a “One Cool Thing” article by California Association of Realtors about common legal mistakes home sellers make.

Top ten legal mistakes home sellers make:

  1. Accepting the buyer with the highest offer without regard to the other contractual terms.
  2. legal mistakesNot properly handling multiple offer situations with multiple buyers.
  3. Not properly handling back-up offers.
  4. Making a legal mistake by entering into an agreement with no earnest money deposit from the buyer or a very small amount.
  5. Entering into an agreement before verifying the buyers 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 acknowledgement of disclosures.
  9. Not considering whether to require the buyer to remove contingencies.
  10. Not excluding items from the sale that the seller wants to keep.