With new individuals looking for real estate on a daily basis, they are generally most concerned with the square feet of the property they may potentially purchase. However, the square feet presented may be different than the amount represented. Whether if it was intentionally or on accident, this may result in a lawsuit against the seller for misrepresentation.
These lawsuits can have a big effect on the seller of the property for the slight error in the measurement of the real estate. In the real estate world, every square foot matters, and if the appraisal is not accurate, it may result in a lawsuit.
How To Prevent Square Footage Lawsuits
To prevent yourself from becoming involved in a lawsuit concerning the square feet of a real estate, it is crucial to make all of the disclosures aware to the buyer of the property. One of the biggest factors to prevent lawsuits against the square feet misrepresentation is utilizing suitable language in the sale documents and listings of the real estate. This will make it hard for the buyer to trigger a lawsuit if they feel the property has been listed with more square footage than presented.
When selling your real estate property, including the square footage of your property can draw in buyers, but also can trigger complications if the measurements are not accurate. Something as little as a few square feet has the ability to start a lawsuit against you for fraud or misrepresentation. It is important to consult with a highly experienced real estate attorney to guarantee all documents are accurate with the property. In addition, the skillful real estate attorney, such as us at Chang Legal, will notify the buyer of every feature of their purchase to ensure they are fully informed.
For more information and protection against square footage lawsuits, learn more about the support we can offer you by emailing Chang Legal at contactus@changlegal.com or by calling 847-907-497
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