Top Ten Legal Mistakes Buyers Make

1. Not realizing that if you don't make a strong offer the seller may reject or not respond at all

2. Not realizing that if you don't make a strong offer, you may lose to a more highly motivated buyer

3. Not realizing that the seller has no obligation to keep your offer confidential

4. Not understanding when a contract becomes legally binding

5. Entering into an agreement without checking title, liens etc. to make sure that seller can close the 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 understanding the legal, tax, credit and other ramifications of homeownership, especially co-ownership

10. Not properly handling a claim for property defects discovered after close of escrow

Nancy Puder is the broker and owner of SignatureProperties, a prestigious real estate sales and management firm in Arroyo Grande, CA.  You may contact her at Nancy@NancyPuder.com or (805)710-2415 Your calls are always welcome!

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