I love selling real estate.  Each day, I wake up and I'm excited!  I get to sell real estate!

Unfortunately, our society is a very litigious one and we need to take precautions to avoid misunderstandings down the road between all parties involved. 

Here are some points I always consider to help me down the road.

Everything in writing.  If the seller says they are going to replace the front door before closing, put it in writing.  Not only will the seller be more likely to follow through, but you have also provided your buyer with something to fall back on.  If something goes wrong, and heaven forbid it goes to court, they have what was agreed on in writing.

Refer to an "expert."  I am not an expert in foundation, the useful life of a roof, boundary lines, or a number of other issues that frequently come up.  But, I can refer you to a source who is an expert.  By referring your client to the expert, not only will they get a great opinion, but you also reduce the burden from yourself.  Now, if something goes wrong, it's the "expert's" fault, not yours.  Become the "source of the source."

Keep good records.  One of the most basic principals that is frequently overlooked is taking notes.  If the seller has the chimney cleaned as part of your negotiation, get a copy of the receipt and put it in your file.  Take quick notes after a conversation and put it in your file.  If there is ever a question later, you can then look back at your records to find out what happened. 

Remember, courts like well documented events.  The small time it takes you now to keep track of events could save you thousands of dollars down the road.  Not to mention the hours you'll waste trying to dig up information later!

Now, let's go sell some real estate!

Any questions? Contact Jen Hudson, (360) 652-1200 or jen@jenhudsonhomes.com

 

12 Comments on We live in a litigious society. Be cautious.

DEC
19
2007
141,528 Points Outside Blog
Jen, excellent advice. Thanks for sharing.
2:29pm • #1
Outside Blog

Thanks for the reminder since we are in a sue happy country!  Keep dispensing the great advice.

2:39pm • #3
Having to go back and dig up discovery for a lawsuit is borderline unbearable!!! Great post!!
5:05pm • #4
DEC
20
2007

Thanks so much for reading and responding to my blog - Foreclosure - Where Did all the people go?  Part II.  Maybe we will get enough answers to the blog to really figure out where they all went.  Don't know how they could rent someplace to live with poor credit. 

Noticed that you are in Washington State.  My family used to have the only hotel in Port Angeles.  It was sold in the late 90's to make a small shopping mall. 

I love your photos- especially the sunset.

Best   Dee Dee Hanson

1:05pm • #5
1 Featured Post
Great post, documenting any and everything is a good idea.
1:41pm • #7
DEC
27
2007
JAN
05
2008
2 Featured Posts
Great tips and yes it is too bad that lawsuits fly around so much, it is too bad that the paper work gets thicker each year, but Jen is right, watch the details, your job depends on it and it is best for the client too. Lance
2:49am • #9
1 Featured Post
Thanks Lance!  Details & notes aren't fun to keep track of, but they'll save you when you need it.  That's for sure!
2:54am • #10
2 Featured Posts

Jen,

You can say that again, I cannt tell you how many times they have saved my butt. I have had attorneys call and claim this or that or even filed a suit or asked the court for information, as soon as I show them I am documented 100%, the whole think goes away. Amazing. In fact, not far from you where you are I had some issues with a competitor who tried some tricky stuff, thanks to documentation, I shut that down and it disappeared completely, You have to watch yourself in business, keep Excellent record always. - Lance

3:27am • #11
1 Featured Post
Thanks Lance.  Glad to hear you were able to stay on top of everything. Sounds like you've got the record keeping part of business down.  That definately pays for itself.
11:05am • #12

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Jen Hudson - Stanwood, Camano & Arlington,WA

Stanwood, WA

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Office Phone: (360) 652-1200

Cell Phone: (206) 293-1005

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What you should know about real estate in Stanwood, Arlington & Camano Island, WA. And, maybe some other tips too.


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