We live in a litigious society. Be cautious.

 

I love selling real estate.  Each day, I wake up and I’m excited!  I get to sell real estate!

Unfortunately, our society is a very litigious one and we need to take precautions to avoid misunderstandings down the road between all parties involved. 

Here are some points I always consider to help me down the road.

Everything in writing.  If the seller says they are going to replace the front door before closing, put it in writing.  Not only will the seller be more likely to follow through, but you have also provided your buyer with something to fall back on.  If something goes wrong, and heaven forbid it goes to court, they have what was agreed on in writing.

Refer to an “expert.”  I am not an expert in foundation, the useful life of a roof, boundary lines, or a number of other issues that frequently come up.  But, I can refer you to a source who is an expert.  By referring your client to the expert, not only will they get a great opinion, but you also reduce the burden from yourself.  Now, if something goes wrong, it’s the “expert’s” fault, not yours.  Become the “source of the source.”

Keep good records.  One of the most basic principals that is frequently overlooked is taking notes.  If the seller has the chimney cleaned as part of your negotiation, get a copy of the receipt and put it in your file.  Take quick notes after a conversation and put it in your file.  If there is ever a question later, you can then look back at your records to find out what happened. 

Remember, courts like well documented events.  The small time it takes you now to keep track of events could save you thousands of dollars down the road.  Not to mention the hours you’ll waste trying to dig up information later!

Now, let’s go sell some real estate!

Any questions? Contact Jen Hudson, (360) 652-1200 or jen@jenhudsonhomes.com