Mistakes can be made on the disclosure form and when this happens, a lawsuit can occur. The buyers can come back to the listing side of the transaction and state that the disclosure was filled out without complete disclosure by the seller. This can cause thousands of dollars in legal fees to the listing client. Unfortunately, most sellers do not know that homeowner’s insurance and umbrella policies do not cover them in this event!
This is why products and services like Sellers Shield™ are important to consider when selling a home. Sellers Shield™ provides the home sellers with legal prevention and protection by guiding them through the seller’s property disclosure statement and offering Home Sale Legal Protection™ in the event of a lawsuit. In addition, the seller will be walked through the disclosure process with several pop-up caution boxes, expandable explanation fields, a legal tips sheet, and an instructional video to prevent lawsuits from occurring. If a lawsuit does occur and the client purchased the Home Sale Legal Protection™ from Sellers Shield™, they would be protected with legal representation in the courtroom. This gives the home seller peace of mind knowing they can walk away safe from the biggest transaction of their life.