Heres how disclaimers can be used to avoid a lawsuit and how to get your disclaimer wording correct to protect your real estate business. highly qualified professionals and edited by That said, selling a property as is does not mean the seller can misrepresent the condition of the property or fail to disclose undesirable conditions. BR Tech Services, Inc. NMLS ID #1743443 | NMLS Consumer Access. 739.104(3). Determining Consequential Damages In Litigation Is Costly The Water Heater Strap Related posts: Updated on July 6, 2022 Why Should Seller Disclose? Which certificate of deposit account is best? Member Support is available Mon-Fri, 8am-5pm Central. The rug in the foyer does not convey.. Thats why its important to work with a local agent who knows the ins and outs of the area. To prevent scammers from requesting wire transfers from your clients, it can also be useful to include another disclaimer in your email signature. Prospective buyers should be encouraged to do their own research and due diligence, including measurement of the propertys square footage or land measurements. Even if it is, its still probably a good idea to list your property publicly before you sell, because you could be leaving money on the table if you dont consider other offers. In the end, if you decide to sell your property as is, you still have an obligation to disclose material facts known to the buyer. Now more than ever, it is critical for REALTORS across America to come together and speak with one voice. From the second homebuyers get their first set of keys, they know why families love living in SunCal communities. One option: HomeLights Simple Sale. In other markets, they dont. Get in contact with Zach Wichter via Email. What Not To Do When Soliciting for Real Estate Services What to do when you lose your 401(k) match, The new rules for selling your home and buying another at the same time, Housing economists reveal bidding tactics and other home-buying hacks.