Hopefully, your real estate transaction will go smoothly!

But, occasionally residential real estate transactions don’t work out as planned.

The buyers move into their new home, become chummy with a neighbor who tells them something about their new home, or the neighborhood, that they think should have been disclosed to them at a point in the transaction when they still had a chance to decide whether or not to proceed.

What should the buyers do next if they think they have been deceived by the seller or the seller’s agent?

First step, determine if, in fact, they were misled.

Many states, including Nevada, have seller disclosure requirements that call for sellers to disclose known material facts to the buyers. A material fact is something that would affect the buyerrs’ decision to buy or the price they would pay.

It’s not uncommon for buyers to overlook items in the sellers’ disclosure that don’t seem to be a problem at the time they make an offer. Later, they may not recall that the item was pointed out to them in advance. In this case, the buyers would have only thmselves to blame for not completing their due diligence inspections before going ahead with the transaction.

Check the seller’s disclosures before jumping to a conclusion.

Some sellers, however, are less than candid with their disclosures. For whatever reason, often fear or ignorance, they don’t disclose something that could affect the buyer’s decisions.

Omitting a disclosure can have serious consequences!

Our TEAM will make sure that every stone is turned over so we don’t run into problems after the transaction has been completed.

Call today, to make sure that every one of your interests are taken care of. 702-561-9562.