Share This Article

Comments 1

  1. Consumers cannot gather enough information regarding real estate laws, the contracts and all the implications thereof, problem prevention, procedures, radon, building codes, construction practices, staging, what repairs make the most dollar sense; negotiating contracts, lender reputations/competency; competing real estate brokers reputations/competency; builders and their reputations, to be competent enough to do their own deals. Before I became a real estate broker, Before I obtained my real estate license, I was involved in 6 real estate transaction-some for-sale-by owners (did stupid stuff in those, I learned later). The 7th the seller and the listing agent committed fraud. The agent I worked with was a sub-agent of the seller, not a buyer’s agent, (1989) so did not protect me. I went to a real estate attorney after the sale, and he gave me bad advice, which I also did not find out until I obtained my real estate license-after the statute of limitations had expired. An attorney can help consumers with the paperwork, but attorneys don’t know the business of real estate (and some of them are incompetent-like the one I dealt with!) Title companies do their job competently (usually-but how would the consumer know that?) but cannot give legal advice or give real estate advice with a license. After 27 years in the business preventing and solving the unending variety of problems that can come up throughout a real estate transaction, I would use a reputable real estate broker to represent the sale of my real estate in other states. So, the best way consumers will have their largest investment protected is do their homework on how to select the most qualified, experienced, and reputable real estate brokers to represent their best interests.

Leave a Reply

Your email address will not be published. Required fields are marked *