Buying a home in Palm Beach Gardens is a big investment and as such has to adhere to many laws and regulations. In order to be sure that all parties involved in the sale of a home are happy and that the deal doesn't fall through, it is vital to make sure everything is on the up and up. You may be surprised to learn that many people make legal mistakes when buying a home. So that this doesn't happen to you, take a look at these three common legal issues:
Many people make a mistake when it comes to the survey clause. Prior to purchase, this clause can be added to the contract. It guarantees the buyer an entitlement to an up to date survey on the prospective home before completion of the sale. If it's not up to date, then the seller needs to pay sometimes a few hundred dollars to provide the buyer with one that is up to date. Always get legal advice before you agree to a clause that could cost you thousands.
The home inspection clause is often worded so that the buyer has the right to back out of the deal if they are not satisfied with the inspection. The buyers can take advantage of this loophole even over minor problems. This can be a real problem for sellers. Therefore, to make sure that both parties are adequately protected, the clause should be worded so that the seller has a chance to repair any problems and only a failure to do so gives the buyer the right to back out.
Swimming Pool Legalities
Swimming pool clauses can be problematic legally too. There should always be a clause on pools for properties that have them. It should be a warranty that states it's safe and in working order before closing. This protects the buyer and insures the structure for them. However the clause should also state that the seller is not responsible for the structure after closing.
For more information about legalities and issues many buyers don't consider during a purchase, contact my office at any time. I would be happy to answer any questions you may have and help you find the right home in Palm Beach County Florida.