Monday, October 29, 2007

Transfer Disclosure Statements: Document Your Efforts

Your client's house is in escrow and the clock is ticking on the close. The TDS i still in need of attention. The seller is not cooperating, for one reason or another.

How do you represent a seller that won't focus on the TDS? Make documented efforts to schedule a thorough walk-through. Make sure your client knows that you've placed a great importance on disclosure. Make sure your client knows that you want to disclose anything and everything that might be an issue to a reasonable seller.

Remember, if there is a problem with non-disclosure, the agent/broker is usually brought into the dispute. That's where a solid collection of notices and memos may protect a Realtor who has done his or her job.

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