Nondisclosure
Listing Agent Has to Disclose Family Relationship With Buyer
Question: We listed our North Phoenix home with our neighbor who is a real estate agent and also a Realtor. The next day we accepted an offer to purchase our home from a Limited Liability Company (“LLC”) buyer. This LLC buyer planned to remodel our home, and then “flip” our home to another buyer. Our…
Read MoreSeller Didn’t Disclose the Short-Term Rental Next Door
Question: In the purchase contract for the sale of our Chandler home, there is a provision giving the right for a 10-day inspection. The purchase contract also said that the sale was “as is,” and “no repairs.” After the 10-day inspection period, the buyer deposited $35,000 earnest money with the escrow company. The 10-day inspection…
Read MoreMediation Required Before Litigation
Question: Before we bought our $800,000 Peoria home last summer, we only looked at the home during the day. We were never told by the seller that next door to our Peoria home was a short-term rental home and that there would be loud parties almost every night. When we complained to the owner of…
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