Common Selling Mistakes

Top Ten – Legal Mistakes Home Sellers Make

  • Accepting the buyer with the highest offer without regard to the other contractual terms.
  • Not properly handling multiple offer situations with multiple buyers.
  • Not properly handling backup offers.
  • Entering into an agreement with no earnest money deposit from the buyer, or a very small amount.
  • Entering into an agreement before verifying the buyer’s financial ability to close escrow.
  • Not providing the buyer with legal required disclosures.
  • Not disclosing known material fact affecting the value or desirability of the property.
  • Not obtaining the buyer’s written acknowledgement of disclosures.
  • Not considering whether to require the buyer to remove contingencies.
  • Not excluding items from the sale that the seller wants to keep.

Designed and developed by Saumil Nagariya