Home sellers are often completely unaware they can be sued after their home sells, making the reality of a lawsuit even more devastating. This lack of knowledge is particularly concerning for those involved in probate real estate transactions, where the complexities can add stress to an already challenging situation. After receiving a demand letter (typically asking for around $54,000 in compensatory damages), sellers find themselves in a lengthy legal battle without guidance:
· Sellers are often frustrated when forced to deal with a property they've figuratively and literally moved on from.
· Retainer fees for an attorney can easily reach up to $14,000, if not more.
· In some cases, sellers even pull their agent into the lawsuit as part of their defense strategy, regardless of their wishes.
Fortunately, we provide protection for sellers in the event of a home sale lawsuit, which is crucial for anyone engaged in real estate consultation or trust real estate matters. This ensures sellers can enjoy peace of mind regarding their life and/or real estate business. Here’s how: Even if a seller completes every required step—checking every box and answering every question thoroughly—they may still face a lawsuit.
That’s why we offer Home Sale Legal Protection™, available through our agreement with Sellers Shield. This protection defends sellers if the buyer initiates any legal action post-sale:
· Supports the seller from start to finish.
· Immediately assigns a local, qualified real estate attorney.
· AND covers legal fees up to $20,000.00.
Gold Standard Disclosure Process™
Home Sale Legal Protection not only defends sellers in the event of a lawsuit but also aims to reduce the likelihood of legal issues arising in the first place through meticulous forms. Disclosure form errors are the #1 cause of home sale legal disputes, which is why Seller Shield's legal experts have developed a disclosure form process designed to help sellers fill out forms accurately and completely:
· Examples, tips, and definitions minimize confusion.
· Expandable fields allow for detailed responses.
· 100% complete & signed forms, every time.
Bottom Line
One of the best ways to prevent lawsuits is by making home sellers aware of the importance of accurate disclosures. However, it's essential to understand that regardless of how diligent one is or how honest a seller may be, lawsuits can still occur, and sellers deserve protection. With Home Sale Legal Protection™, sellers can avoid the emotional and financial devastation that a lawsuit can bring.