Selling a property involves careful planning and transparency. But even with accurate disclosure, unexpected legal issues can arise. A real estate agent who sold their property in Texas, found themselves in deep water when the buyer, who happened to be an attorney, threatened legal action after the house flooded during a storm.
The agent had disclosed that the property had previously flooded and had installed French drains to prevent future issues. Despite never having had any problems with the French drains before selling, the buyer demanded compensation and threatened to report the agent to the Texas Real Estate Commission.
In response, the agent turned to Sellers Shield™ for help. Fortunately, they had purchased Home Sale Legal Protection™ and Sellers Shield™ swiftly provided support. Sellers Shield™ hired a local, legal team and they negotiated with the buyer to reach a settlement that avoided costly court battles. Home Sale Legal Protection™ covered all of their legal fees**, ensuring the agent’s finances and professional reputation remained intact.
With Sellers Shield™, post-sale legal disputes become easier to manage. Designed to support sellers, agents, and brokers, here’s what you need to know:
This incident highlights the unpredictable nature of real estate transactions. And one thing that is true in every transaction … you don’t know your buyer.
Investing in Home Sale Legal Protection™ is a smart move for sellers, agents, and brokers alike. It ensures you are prepared to handle any legal challenges that may arise, safeguarding your career, your finances, and your professional relationships.
**Home Sale Legal Protection can be purchased to cover sellers anywhere between 1 to 4 years after the close of the home and for $75,000 or $75,000 of protection.
