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Thursday, July 12, 2012

West Sacramento Short Sale Update – The Top 10 Legal Mistakes Sellers Make

Today let’s talk about the Top Ten Legal Mistakes Sellers Make according to the California Association of Realtors (CAR)


#1 Accepting the buyer with the highest offer without regard to the other contractual terms

#2 Not properly handling multiple offer situations with multiple buyers

#3 Not properly handling back up offers

#4 Entering into an agreement with no earnest money deposit from the buyer or a very small deposit

#5 Entering into an agreement before verifying the buyers financial ability to close escrow

#6 Not disclosing known material facts affecting the value or desirability of the property

#7 Not providing the buyer with legally required disclosures

#8 Not obtaining the buyers written acknowledgement of the 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.

A good West Sacramento Realtor will be able to help you avoid these pitfalls. Make sure you take time to interview at least two agents. So many times it is not the sale it’s what happens after the sale that can cause the harm

To get a better idea of when your West Sacramento home will be worth what you owe, log in to www.shortsaleandloanmod.info for a free estimate or call me today for a free no obligation consultation or for the latest West Sacramento short sale information. Call me today and sleep better tonight; you’ll be glad you did

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