Friday 26 July 2013

PropertyRecord.com Guide to Not Breaking The Law When Selling Your Home

Selling your home can be a stressful experience, and PropertyRecord.com understands. Many PropertyRecord.com customers come to us for advice on how to sell their home. What they don't realize is that it's fairly easy to break the law as a home seller, particularly if you don't use a real estate agent. So, PropertyRecord.com wants to give you some advice to help you stay out of legal trouble. We don't want PropertyRecord.com customers to end up in jail!

The easiest way to get in trouble with the law is if you get multiple offers on your property, and all of the offers are roughly in the same price range. You may simply want to sell to the buyer you like the most. But, be careful because the law is very strong on this.

If you accept a lower offer from someone you like and the person who made a higher offer, even if just by a penny, is a member of a protected class, you will have violated federal discrimination laws and you will go to jail.

And the number of protected classes are endless. They include pregnant women; people with children; gays, lesbians and bisexuals, transsexuals; anyone of any race other than your own; unmarried couples; and people of a religion that is different than your own. In other words, if they are not exactly like you and you refuse to sell to them, you could be breaking the law.

The second-most common way to break the law is by not providing to the home buyer all the documents you have related to the home. It doesn't matter if you think the paperwork is for a minor issue; if you don't disclose it and the buyer finds out eventually, you could go to jail for fraud. Don't let that happen to you.

If you can avoid these two very common situations, you should have no legal problems when you sell your home. 


About PropertyRecord.com:

PropertyRecord.com provides property reports and other valuable information to home owners, buyers and sellers across North America.  With an extensive database of public records, consumers are able to look up the value, history and residential details on a home or property with a simple search. Visit PropertyRecord.com to chat with a live representative, call 1-855-482-6221, or email Manager@PropertyRecord.com with any questions or concerns.