Dont Make These Common Legal Mistakes When Buying Your House

Dated: 11/02/2018

Views: 263

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There are a lot of legal matters pertaining to real estate. These are seven common legal mistakes buyers make during the home purchasing process. 


1: Not obtaining a sellers disclosure.


2: Not properly handling a claim for property defects discovered after the close of escrow.


3: Not realizing that if you don't write a strong offer to purchase, the seller can reject or choose not to respond to your offer.


4: Not understanding that legal implications of inspection and loan contingencies. 


5: Not fully considering the legal, tax, credit, and other ramifications of homeownership.


6: Not realizing that, without a confidentiality agreement, a seller doesn't need to treat your offer as confidential.


7: 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.


If you want to know more about legal issues pertaining to real estate, our agents at the BMP Network would love to talk to you.  If you would like to speak with one of our agents, click HERE.


BMP Network is a Real Estate Team under Keller Williams. They excel in meeting the real estate needs of buyerssellers, and investors in the Kingman, Bullhead City, Lake Havasu City, Parker, Mohave County, AZ, and Las Vegas, Henderson, Laughlin, NV areas. BMP Network in now HIRING - Apply Now


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