Real Estate Buyers Must Ask Their San Diego California Lawyer To Acquire Disclosure Statement From T
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San Diego California Lawyer
To have all the information that he or she needs for a perfect property purchase, a real estate buyer must ask his/her San Diego California lawyer to acquire the disclosure statement from the property seller. The disclosure statement is a written document by the seller of the real property to the buyer that includes any defects or shortcomings in the property that the seller is aware of.
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Post Buyer Protection Laws:
However, many real property buyers are still unaware of this advantage in their armoury. This is where having the assistance of a California real estate lawyer comes in handy, as it is the job of the lawyer to be aware of such advantages and to make his or her client cognizant of the same.
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Pre Buyer Protection Laws:
Before the buyer protection laws were implemented by the state of California, the buyers were left to handle any major defects in the property that were discovered after the completion of the purchase. The buyer would usually complete a purchase and find blatant faults and defects during the course of the use of the property. Once these flaws were discovered, the buyer was not entitled to any recompense or damages from the seller in the court of law. This allowed the seller to conveniently "forget" the defects in the property during the sale. Consequently, in addition to owning a property with defects, the buyer would also have to face the problem of a lower resale value. Did You Know? Random Facts
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