I recently sold a home, and the buyer didn’t have enough money for closing costs. They asked me to sign papers that raised the purchase price $5,000. I want to know because the buyer got $1,000 of my hard-earned money. On the day of the closing, I hadn’t cleaned everything, so I told his lawyer I needed another day to finish up. They agreed, but I thought it was midnight the next day, and it was noontime. I made a mistake, so legally, they can do that. I want to recoup my money the same way they took it from me.
Every home has its flaws. We can try to hide them, but the truth eventually comes out. Hiding the truth from a buyer can, at the very least, result in the termination of a contract. Substantial revelations about the condition of your home can cost money and even a potential lawsuit.