{"id":491,"date":"2021-03-24T21:07:27","date_gmt":"2021-03-24T21:07:27","guid":{"rendered":"https:\/\/www.bavagnolilaw.com\/?p=491"},"modified":"2021-09-27T12:15:17","modified_gmt":"2021-09-27T16:15:17","slug":"3-common-home-buying-and-selling-issues-solved","status":"publish","type":"post","link":"https:\/\/www.bavagnolilaw.com\/3-common-home-buying-and-selling-issues-solved\/","title":{"rendered":"3 Common Home Buying & Selling Issues Solved!"},"content":{"rendered":"

If you\u2019ve ever bought a house, you know that it\u2019s a complex process managed by innumerable laws and regulations. At Bavagnoli & Bavagnoli, we have been specializing in real estate law for over 25 years and have decades of experience when it comes to issues you might face when buying or selling a home. Below, I\u2019ll describe some of the most common obstacles that can lead to legal troubles, and some of the reasons you may want to reach out to a real estate lawyer<\/a> serving Passaic County.<\/span><\/p>\n

\u00a01. <\/strong>Contract Errors<\/b><\/h3>\n

All real estate transactions are accompanied by a mountain of paperwork. If you\u2019ve been renting for most of your life and are buying your first home, the dozen page lease agreement is nothing compared to the paperwork you\u2019ll encounter when buying a home.\u00a0<\/span><\/p>\n

Because of the large amounts of paperwork, most real estate agents will use boilerplate forms throughout the purchase process. While these forms are faster to prepare, the speed at which they can be completed can also lead to errors. Whether you are the buyer or the seller, make sure things like your full name, tax status, income, and other details are accurate.\u00a0<\/span><\/p>\n

Errors in contracts and documents are generally easy to fix, but it is essential that you catch them. That means you must be vigilant and carefully read each document you sign, even if the paperwork is extensive. If an error is missed, it can hold up the entire home buying process and potentially harm your likelihood of being approved for a loan, successfully closing on your dream home, or being able to sell your existing home.<\/span><\/p>\n

Also keep in mind that if you are the seller, after you receive your initial contract offer you are allowed a three-day review period. At this point, you may want to hire a Passaic County real estate attorney to look over the contract and ensure that it\u2019s free of errors and legally binding.<\/span><\/p>\n

\u00a02. <\/strong><\/span>Failure to Disclose<\/b><\/h3>\n

One of the first documents a buyer will see in the process of buying a home is the disclosure. The disclosure will detail anything that is wrong with the house, and is given to the buyer before they make their initial offer.\u00a0<\/span><\/p>\n

What is listed in the disclosure could very well might affect how much you\u2019re willing to pay for the house or whether you want to buy it at all. If you can\u2019t afford a new roof or electrical wiring, but the disclosure says the home is in need of these things, you clearly want to know this before making an offer.\u00a0<\/span><\/p>\n

Aa the seller, you are legally obligated to disclose all problems with the home that you are aware of; if you\u2019re in doubt about whether to disclose it, put it on the disclosure agreement. If a new homebuyer discovers a problem with the home, even after they have bought it, they may have the legal right to cancel the transaction. Being honest upfront will not only save you legal trouble down the road, but earning the buyer\u2019s trust will make the transaction go more smoothly. <\/span><\/p>\n

3. Real Estate Agents Out for Themselves<\/b><\/h3>\n

A real estate transaction doesn\u2019t just involve the buyer and seller; buying or selling a house involves a team of specialists, including the lender, underwriter, home inspector, and\u2014perhaps most importantly\u2014the real estate agent.\u00a0<\/span><\/p>\n

Real estate agents have a robust code of ethics designed to keep your interests central, whether you\u2019re buying or selling. However, real estate agents are paid on commission, and typically only get paid if they make the sale, so you\u2019ll want to be sure they\u2019re not just pushing a sale for their own financial motivations.\u00a0<\/span><\/p>\n

One of the most common lawsuits we see in court is what is known as breach of duty. Real estate agents are legally mandated to act in the best interest of the client. Any breach of this duty, whether it is unintentional or intentional, can be grounds for a lawsuit. Whether you are the buyer or the seller, if you feel that your real estate agent is not acting in your best interest, it is important to bring it up to avoid future legal problems.<\/span><\/p>\n

Another common reason lawsuits are filed against real estate agents is negligence, or failing to exercise due care toward clients that a reasonable person would extend. If a buyer claims that their agent should have known something but didn\u2019t, and failed to act appropriately, a lawsuit could be on the table. For example, if an agent fails to notice a sure sign of a crumbling foundation, doesn\u2019t disclose it, and the buyer learns about it after the sale, they can sue.<\/span><\/p>\n

One way to avoid this scenario is by doing your research before working with a real estate agent, such as asking friends and family to recommend an agent they\u2019ve worked with.\u00a0<\/span>\u00a0<\/span><\/p>\n

When Should I Hire a Lawyer?<\/b><\/h3>\n

Do you always need a lawyer<\/a> to resolve issues during a real estate transaction? Not necessarily, but it depends on the situation. Many of these problems are routine and won\u2019t require legal expertise to resolve, but every case is different, and if you find that you cannot resolve an issue on your own, it may be time to talk with an attorney.<\/span><\/p>\n

If you run into one of the more intricate or contentious issues that comes up when buying or selling a home, a real estate attorney in Passaic County may be able to help. At Bavagnoli & Bavagnoli, we understand real estate is complex, and we\u2019re prepared to work with you on any issues in the buying or selling process. Buying or selling a home is a huge undertaking, and we will stand by you every step of the way.<\/span><\/p>\n

Get in touch for a free consultation at <\/span>(973) 785-9522<\/span><\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

If you\u2019ve ever bought a house, you know that it\u2019s a complex process managed by innumerable laws and regulations. At Bavagnoli & Bavagnoli, we have been specializing in real estate law for over 25 years and have decades of experience when it comes to issues you might face when buying […]<\/p>\n","protected":false},"author":2,"featured_media":492,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[132,130,131,134,135,78,133],"class_list":["post-491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-attorney-blog","tag-buying-a-house","tag-home-buying","tag-home-selling","tag-passaic-county-real-estate","tag-real-estate-attorney","tag-real-estate-lawyer","tag-selling-a-house"],"acf":[],"yoast_head":"\n3 Common Home Buying & Selling Issues Solved! - Bavagnoli & Bavagnoli<\/title>\n<meta name=\"description\" content=\"At Bavagnoli & Bavagnoli, we've been specializing in real estate law for over 25 years so any home buying and selling issues we can help!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bavagnolilaw.com\/3-common-home-buying-and-selling-issues-solved\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Common Home Buying & Selling Issues Solved! 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