Buyers and sellers will sometimes be offered or asked to accept undocumented side deals in real estate transactions. This is a great way to introduce surprises, disappointment, risk, and potential legal problems into an otherwise clean transaction. Sound like a good idea? No, and that's the right answer if you're asked to do so.
Side agreement forced on you? Look for a new property, a new Realtor, or both. - David
More info: Home-sale side agreement has pitfalls - latimes.com
Tuesday, May 4, 2010
Side Deals in Real Estate Sales? Bad Idea
Search words:
Bad Ideas,
Buying a Home,
LA Times,
Realtors,
Risk Management,
Selling a Home,
Side Deals
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