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SOURCE: Red Blue Realty
Red Blue Realty presents tip sheet showing how realtors can assist buyers in avoiding legal mistakes when purchasing a home.
Los Angeles, CA (PRWEB) February 20, 2013
A professional, experienced Los Angeles real estate agent can help home buyers avoid the most common legal mistakes in home buying. With the number of Los Angeles homes for sale at a premium, and Los Angeles real estate a hot commodity, having a real estate expert on the buyer’s side is key.
There are a number of legal pitfalls for buyers that a Los Angeles real estate agent can help them to navigate successfully. First of all, if a buyer fails to make a strong offer, the seller can reject that offer or simply fail to respond. An experienced real estate pro can help a buyer make sure that his or her offer is competitive.
Likewise, a real estate agent with solid Los Angeles real estate experience will help a buyer to stay on top of the status of any offer that was made. Sometimes a potential buyer will not notice if an offer was ignored, and a more motivated potential buyer could come in and negotiate a better deal.
Home buyers without the assistance of a Los Angeles real estate agent may also ignore the importance of a confidentiality agreement. Without such an agreement, a seller is not legally responsible to treat an offer confidentially and may disclose it to other potential buyers.
Again, the assistance of a real estate professional like a team member from Red Blue Realty is exceptionally important in helping a buyer to understand when and if a contract is legally binding; and in preventing a buyer from entering an agreement without checking title records including other mortgages and liens. This is important to know in order to find out if a seller can close escrow at a scheduled time.
Buyers may also fail to determine the legal consequences of loan and inspection contingencies or other provisions in a contract, or forget to obtain a disclosure on a property from a seller. Again, a Los Angeles real estate agent can assist greatly in these areas and with other contractual provisions.
A real estate professional will make sure that a buyer conducts his or her inspection on the property, and that the buyer considers all of the tax and credit considerations of home owning. And a successful agent knows how to handle any claims for defects discovered at the property, even after escrow closes. Should such defects appear, a real estate agent can serve as a buyer’s advocate, preventing him or her from assuming the costs contingent on such a discovery.
In short, the most reasonable way to prevent mistakes of any kind when purchasing a home is to find a realtor who is dependable and experienced in the market in which a buyer is looking at properties.
Experienced realtors vastly assist prospective buyers in finding a home that meets their needs in terms of price, neighborhood, and features. And as an added bonus, realtors prevent buyers from making mistakes that can cost them money or end up as a legal nightmare.
Phone Number: 1-(855) 66-RBREALTY or 1-(855) 667-2732
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