Had a call from a recent buyer today...
Bill, we are having sewer issues. .
"There was a septic inspection done and it came back good. Any ideas?"
"Yes...The neighbor said they have been having issues with backups for several years."
ON the disclosures the seller said they had had no problems with the septic, but we are finding out that is not true. The septic inspection is not fool proof especially when the issue is the drain field.
I have had sellers say, "Well, how would they find out?"
This is how. Neighbors, same pumper, I even had a relative that told a client that his nephew lied.
Thinking of lying on your disclosures? Think twice. You never know who will rat you out!
Wow....those neighbors and relatives will get you every time! I would be too afraid to lie anyways, but that's just me!
I recently sent back a disclosure to a seller with a note tha said... "you forgot to mention the recent roof repair". People are nuts.
Yup. Always best to tell the truth. You just don't know when it'll get the best of you. That's my motto.
Bill, Lying will backfire on those who are bold enough to go there! Why take the chance?
Bill, I am curious what advise you gave your client. What steps did they take to capitalize on the "slightly inaccuarte" Seller's Disclosure? I would be interested in learning what ultimately comes of your clients' situation!
Bill, I had a buyer client ask me that very question last night...."How do we know they are telling the truth."
My answer...."We don't. But, we have to rely on their word and their agent's integrity." Simple enough.
Bill...
And if you lie, that is a fraud! And it can cost you a lot of money in both actual and punitive damages.
Bill, you have no idea how close this scenario comes to one I know intimately regarding an agent friend. Lying is NOT an option!
Talk about opening yourself up for a lawsuit. people forget the law is the law.