I'm psychic -- my husband might say I'm psycho, but that's a whole different post.
I'm like, um, Carnac the Magnificent (am I dating myself, or what?) because I see yet another Addendum being added to our already overwhelming Residential Contract of Sale.
Let's see, we already have upwards of 30 plus pages (contract and assorted addendae) that we need to explain in detail to our deer-in-the-headlights-looking clients and now it'll be 30 plus plus.
Did you hear about the buyer that is suing the seller of an Arizona home the buyer bought nearly three years ago because the buyer felt the seller should have disclosed to him that the property was located next to a psycho? No, not a psychic -- like me (because that might be kinda nice, if you really think about it) but a psycho. Allegedly, the crazy neighbor likes to steal things from her fellow neighbors' yards and smash them in the street. She also is (allegedly) fond of standing in front of her own home and screaming obscenities at the top of her lungs. Additionally, she pelted the seller with potatoes (huh?) just 5 days before settlement! Somehow you knew it was a woman, huh? (Yep, you got it -- another post). Anyways, the nasty neighbor is making life unbearable for the buyer and the rest of the neighborhood and the buyer feels like he was taken advantage of.
It gets even better.
The buyer is a real estate agent. The buyer is suing the seller. The seller says he was confused at the time and specifically asked his agent if he should disclose the situation w/the neighbor. The seller says his agent told him not to disclose. The seller is suing the listing agent.
So...Carnac the Magnificent sees...hmmm (looking into crystal ball)...an additional numbered paragraph in the 11-page Contract followed by a detailed addendum that reduntantly spells out...(yes, that's it!) the required disclosure. The title of that addendum is coming through now; I think the addendum will be titled Notice to Buyer -- You May be Purchasing Next to a Psycho.
Bye for now; I'm off to disclose (disclose, disclose) to my clients that I am indeed a psychic.
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