Avoid legal mistakes when sellling a home

You Can Avoid Costly Legal Mistakes without Paying a Lawyer !

What ever side of the sales transaction you are on, there are many legal issues, large and small, that you will need to deal with. You do not need to be overwhelmed by this if you understand the basics.

Buying or selling a home involves lots of paper work and legal language. How do you know if you are doing things the right way? Your next transaction will involve the transference of a major asset from one party to the other and you will be one of the parties. Most transactions today do not involve the use of an attorney so you need a bit of knowledge.

It is important for you to understand the major legal issues and potential stumbling blocks. You need to be protected when you buy or sell a home.

Minor errors can cost you major dollars.

One Seller was involved in a transaction where the buyer was the owner of a major law firm and had one of his own lawyers handle the purchase of his personal real estate and their own the seller have paid to them $42,765 when the transaction finally closed.

Don't let this happen to you

Security For Sale by Ownes Sellers
It's easy, and important

For your safety never set an appointment with anyone to see your home unless they have given you their name and number and you have called back to verify that number. An easy way to do this is to say, "let me check with my husband for the best time and I will call you back". Even if you are not married.

Never let the potential buyers know your schedule. Such as when you are not home, when your husband is not home, when you pick up the kids, when you work, when you will be on vacation, etc.

Only give information to the caller about the house. Never give information such as we don’t have a security system, dead bolts, etc.

Always have a back up plan when you allow strangers into your house especially if you have children. Have a neighbor look out for you until the strangers have gone.

Never let a stranger into your house without identification. If the person states that they are a real estate agent, ask for a card and then call his or her office for verification if you don’t recognize them.

Keep a list of all people who have looked at your house including the name, phone numbers, addresses, descriptions of the cars, tag numbers and any additional information which could be helpful in the event of a future burglary. All these people would be suspects.

If you have a home flyer information box do not put information on the flyer which would breech security

Place all valuable items out of sight. Guns, jewelry, silverware, and collections. Anything of value needs to be hidden.

Never leave the stranger along and watch everything they do while in your house.

One of the latest scams, according to The Real Estate Today magazine is as follows: A nice looking clean cut couple makes an appointment to view your house. When they get inside one of the parities ask to use the bathroom. While in the bathroom they are searching for prescription drugs. There is a huge market for these drugs. Make sure you hide any prescription drugs in a place not obvious to the stranger.

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