South Orange County Real Estate
Top Ten Legal Mistakes Home Buyers Make
Buying a home is an exciting and exhilarating experience. One of the best parts of my job is seeing the look on a buyer’s face when they find the right house, the place they will make their home. What can get lost in all the excitement and joy is the fact that a real estate transaction is a legal transaction with contracts, rights, obligations and such that both parties must be aware of and comply with to have a smooth close. Finding your dream house is one thing but getting your offer accepted, getting the best terms, meeting your contractional obligations, protecting yourself legally, acquiring and reviewing all relevant disclosures, successfully arranging your financing, and successfully closing on your transaction those are additional time consuming processes that require experience and expertise. Having been helping buyers in the 949 since 1999 I have seen more than a few times where a little experience and expertise would of made a world of difference. Here are a few things to remember when your buying a home to keep your transaction on point and you out of court:
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 homeownership, especially co-ownership.
10. Not properly handling a claim for property defects discovered after the close of escrow.
I have been a full time realtor helping buyers and sellers in South Orange County since 1999. The role of a Realtor isn’t just to help you find your dream home its also to help keep your transaction from becoming a nightmare. Put my experience and expertise to work for you and make your move a smooth one.If you have any questions about South Orange County real estate or south orange county homes for sale please feel free to contact me I’ll be glad to help.
Helping Buyers & Sellers in the 949 full time since 1999
949 599 6860