Don't Get Sued When You Sell Your Home

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Sell Your Home - The Profitable Homeowner

Sell Your Home - The Profitable Homeowner

Күн бұрын

How to SURVIVE a HOME SALE LAWSUIT - Tips & Tricks
In this video, you will discover essential tips and tricks to help you navigate and survive a lawsuit when selling your home. Selling a home can be a stressful process, but being prepared for potential legal challenges can make a significant difference. Learn the secrets to protect yourself and your interests during a home sale lawsuit, and ensure a smoother transaction. Whether you are a first-time seller or experienced in real estate, these insights will guide you through the complexities of dealing with legal disputes. Watch now to arm yourself with valuable knowledge and strategies for surviving a home sale lawsuit.
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#sued #igotsued #dontgetsued
Hey, Kati Spaniak here, I’m a top Chicago North Shore Real Estate Agent. Thanks for watching my channel your ultimate guide to selling and buying homes in the Chicagoland area. Specializing in the vibrant communities of Northbrook, Glenview, Northfield, Wilmette, Kenilworth, Winnetka, Glencoe, Highland Park, Lake Forest and Deerfield. I offer expert advice and insider tips to navigate the North Shore Chicago real estate market with ease.
Whether you're looking to sell your property for the best price or buy your dream home, my channel provides comprehensive support, market insights, and personalized services to meet all your real estate needs. Stay tuned for our latest success stories and invaluable advice from one of the top Realtors on the North Shore of Chicago, ensuring you make informed decisions in this dynamic market.
Subscribe for the latest updates and reach out for a personalized consultation to start your journey in the North Shore Chicago real estate market today!
Kati Spaniak | Team Leader & Broker
Terra Lux Homes - eXp Realty
847-318-3431
www.TerraLuxHomes.com
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00:00 Introduction
00:28 Story beginning
01:17 Getting the home ready
01:31 First offer
01:42 Second offer
02:19 2 years after closing - I got SUED!
04:14 What I did
05:09 Errors and Omissions
06:16 Was Ice Damming the issue?
07:28 Going thru the process
08:03 Download the Sellers Playbook
08:30 I won!
08:50 BUT...
09:04 I won again!
09:39 but wait... there more! They sued the sellers too!
10:22 Let's talk about selling As-Is
11:08 How NOT to get sued!
12:47 Understand the legal risks!
13:26 The person impact of getting sued!
14:00 Keep your documentation!
14:26 Take proactive measures
15:01 Conclusion!

Пікірлер: 138
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
*Need an Agent Anywhere in the Country?* ⭐️ I will help find you the perfect agent to sell your home, For Free! Fill out this form and I’ll get researching! ⭐️ bit.ly/FindAnAgentCM
@Thomas63r2
@Thomas63r2 2 ай бұрын
I sold a nice house in Anaheim Hills California to a couple. Only the husband came to look at the house and negotiate the deal. They paid for, and received, a detailed report on the property and the neighborhood. Both he and his wife signed the purchase contract in the brokers office. Within a couple of months the buyers filed suit to rescind the contract on the basis that I hadn’t disclosed that aircraft flew over the house. It was a nonsensical waste of time and attorneys. In his buyers inspection report that he paid for it was fully noted that the property was in a flight path for aircraft - and he had signed onto the report that he was aware of that. I think the actual reason for their lawsuit was that his wife did not like the house that he had bullheadedly had picked out without having her be part of the selection. They lost the lawsuit.
@j.m.7056
@j.m.7056 2 ай бұрын
Wow! What an experience for you to deal with. Glad they lost and you won!
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
This sounds terrible!! And just like my situation!!!
@johnhaller5851
@johnhaller5851 2 ай бұрын
I had a buyer say that my house didn't have a basement and wanted out of the contract post-inspection. It was in the listing that there was no basement. My Realtor recommended letting them go to avoid them never closing and losing out on the property i was buying. She thought that the young buyers had talked to their parents, who had sticker shock and suggested they look elsewhere. I sold that house 4 times (signed contracts), the last one finally closed.
@Thomas63r2
@Thomas63r2 2 ай бұрын
@@johnhaller5851 What I do understand is that because of the size and importance of a home purchase, that makes many people emotional and irrational. Probably every realtor has a pile of crazy stories. In my case absolutely everyone could make no sense out of the lawsuit. I think we were heard by an arbitrator, who immediately expressed confusion about why there was a lawsuit since the buyer had line item signed off on the extensive property report that had the flight path as one of the line items. During his initial property inspection aircraft flew overhead! I think the real problem was really the house just didn't make his wife happy🤪
@thekirksiffs5285
@thekirksiffs5285 2 ай бұрын
We sold our first home 35 years ago after living there for 9 years. About 2 months after closing the new owners contacted us to complain that they didn't like the taste of the apples that grew on the trees in the yard and if they had known prior what the apples tasted like then they probably wouldn't have made as high an offer as they did. I'm not joking! I told them I didn't know what they expected us to do about that. Personally, we had enjoyed the apples, but if they didn't like them then they should just not eat them!! They also complained about finding fleas in the house, so I suggested that they talk TO THEIR DOG about the problem. Never heard from them again. No threats of suing us, but had they tried I'm married to a real estate attorney, so I think we would have been okay.
@dq7143
@dq7143 2 ай бұрын
I wonder if the dog fessed up.
@123STEP23
@123STEP23 2 ай бұрын
Another lesson Don’t sell to an attorney !
@drozcompany4132
@drozcompany4132 2 ай бұрын
With how easy it is to look people up these days, it would be prudent to do a little background check on any potential buyers. I know I would.
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
Honestly, attorneys are my worst clients... both buyers and sellers. I mean, I don't discriminate because of profession, but I have found that those are the toughest people to deal with... said with love for my attorney/husband!
@FirstCupSite
@FirstCupSite Ай бұрын
Do Not Buy from an attorney either! they never make repairs!!! Don't let them alter the standard contract either! Buy from a working engineer. Everything will work.
@stevenstadterman9725
@stevenstadterman9725 Ай бұрын
THATS SOOO FUNNY,BUT THE BEST ADVICE.
@BreezyByTheSea63
@BreezyByTheSea63 2 ай бұрын
I negotiated for the furniture when I bought my house. I also agreed to let them stay 2 weeks after closing ( they paid me rent). When I moved in- I noticed they took some of the furniture and mirror I wanted. My agent said I could sue the sellers. But, advised against it because court costs would probably outweigh the cost of the few furnishings they took. Looking back- I should have proceeded. Oh well… live and learn. P.S. don’t buy a flip unless you know what you are looking at. I was a novice and fell in love with the aesthetic of the home. 7 years later. I have to fix and replace some big dollar stuff. But, I do really like my home! So, I’ll deal with it. *just passing on some personal info*
@rusilver2
@rusilver2 2 ай бұрын
just another reason people hate lawyers - reputation earned
@AA-iy4gm
@AA-iy4gm 2 ай бұрын
and litigious americans...so much pettiness and fraud
@xisigma
@xisigma Ай бұрын
There's a disabled lawyer in LA shutting down small restaurants with ADA laws. He carries a tape measure everywhere.
@jacki6301
@jacki6301 2 ай бұрын
We live in a home with a walkout basement. We paid a heating/air conditioning company to connect the basement to the main floor ducting system. It works perfectly.
@j.m.7056
@j.m.7056 2 ай бұрын
Sold a house and 6 months later buyer wanted to sue for $1,000 over some nonsense. I weighed the pros and cons and decided to write a check and get a receipt. Much less stress.
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
Yep. Worth it to be done and over
@auberjean6873
@auberjean6873 2 ай бұрын
You are wise!
@jnova3328
@jnova3328 Ай бұрын
I'm glad it worked out for you but what if the buyer then came back with another request?
@abbibrannan333
@abbibrannan333 2 ай бұрын
Katy thanks so much for this video. Did not know about the Ice damming or damage and pronto get my gutters cleaned. Plus I am going to get my roof done too. All in an effort to avoid all those issues you mentioned. Yes, so smart girl, and a high five, for your husband the lawyer and the Chef too!
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
Thank you for your kind words and for taking the time to watch and act on the advice. It means a lot!
@JAM661
@JAM661 2 ай бұрын
Well the home inspector my agent used miss some stuff. But I would sue the inspector seller before I would sue the the agent. Most of the stuff was thing like the furnace, air conditioner and water softerner all dying 2 weeks after I moved in. So I replaced them all. Basically there is no 100% guarantee that stuff will not break when you move in. Inspection means what they see at the time and do not warn you that the furnace is about to die. Basically you should expect a few problems and budget for it.
@drozcompany4132
@drozcompany4132 2 ай бұрын
Home inspectors usually wiggle out of this by stating that they can't estimate how long something will last. And good ones don't. My inspector recent noted, water heater is 25 years old. Normal life expectancy is 10-15 years. You do the math.
@jnova3328
@jnova3328 Ай бұрын
I'm sorry that happened to you. I agree, you do need to have a budget for potential problems especially if appliances and other things in the home are old. I don't use anyone who is recommended by my realtor. I find my own closing attorney and inspectors through referrals from people I know or by researching online reviews and also if there are any lawsuits or Better Business Bureau complaints against the person I will consider hiring. I think there is a conflict of interest using someone who is associated with a realtor. A home inspector only does a general inspection of some of the main things/concerns in a home but not all the things that need to be considered inside and outside of the home. A home inspector isn't usually an expert on electrical systems, plumbing, and other important things inside and outside of the house. It costs more money upfront to hire a few additional inspectors who are experts in their field but it might be worth it in the long run.
@bitterswtmocha149
@bitterswtmocha149 24 күн бұрын
i mean, inspectors can’t tell the future. just what’s in front of them at the moment. i see lots of stories like this and i think - then what you really want is not a seller to complain to, but a landlord. this is part of home ownership and if you don’t want to deal with replacing and fixing things, just rent!
@Floorguy1000
@Floorguy1000 21 күн бұрын
I am VERY glad you won! Imo, the buyer inspects the house...has a walk through before closing... then closes. Should be end of story. They had the opportunity to inspect the house for termites, mold, possible structural problems, and anything else they could think of. The buyer also got $10k off the price. If they proceed to closing....that it...period. SIDE NOTE: I have NO idea why in the industry they have to call items a credit. I have sold 3 houses I owned myself (I'm a finance/trader guy) and when people start with credit stuff, I have just always said... take that into account with your bid.....just give me your bid. You think the windows are inferior ..just reduce your bid. You think there are possible roof problems...just adjust your bid. A $1MM bid, with a 5k window credit...a 10k roof credit...a 5k concession applied to large closing costs....is simply a $980k bid, end of story.
@Heb101922
@Heb101922 2 ай бұрын
Great video, My question would be, What good is the inspection process if you could get sued for something that was wrong with the house after the fact?
@jshrrh87
@jshrrh87 2 ай бұрын
Alaska Engineer here. Ice damming has nothing to do with gutters. It is caused by an improperly vented attic, combined with poor insulation. Then the poor roof allows the dammed water under the shingles. Solution? Good roof with ice-water shield up 6' from the eaves, proper venting and good insulation. When you upgrade your old roof, upgrade venting and insulation. Older homes suffer from poor venting and poor insulation, typically. Course, you should maintain gutters, but that's not the cause of ice-damming.
@edennis8578
@edennis8578 2 ай бұрын
If that's the case, how did the house not show any signs of mold before? An old house with long-standing features such as you describe? And yet no mold when the house was inspected and sold? And suddenly after they move in there's black mold everywhere? Sorry, not buying it.
@AA-iy4gm
@AA-iy4gm 2 ай бұрын
thank you, Americans make a huge deal about things like cleaning gutters regularly as if thats the source of many problems related to rain drainage and snow and getting into the house when in reality the house itself isn't built well one way or another. When cheap thin wood is used to make most of the house what can you expect to be honest.
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
Good info. I’ve been told by our contractors it’s because the leaves get stuck in the gutters and then when the snow starts to melt it can’t go anywhere and then freezes again and then snows and then does what you said. But great info for our viewers! Thank you!! So again… they should have replaced their roof!!!
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
Right. You can imagine I was in total shock!! Such BS
@Orange-bx9rr
@Orange-bx9rr Ай бұрын
Bullshit guy my house in Utah mountains get 4 feet a storm good luck
@abbibrannan333
@abbibrannan333 2 ай бұрын
Yes Katy, Basements being below grade, surface of the ground, where the temperature is usually cooler and more constant. In the old days, with food preservation people dug root cellars for that very reason. So it makes no sense at all to have air, other than to modify humidity. But that is for a dehumidifier, not an air conditioner. At the coast many have those, and since we get a great deal of rain I have a dehumidifier for my own bedroom.
@Cat-qn1yw
@Cat-qn1yw 2 ай бұрын
My grandparents home had the cellar for food and tornadoes. But I wonder if it would have been safe around all the glass jars during a tornado. Glad they never had to deal with that.
@Cat-qn1yw
@Cat-qn1yw 2 ай бұрын
Super important information! Thank you so much Katy!!
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
You are so welcome!
@Shrinksjp
@Shrinksjp Ай бұрын
I have central ac throughout the house, and yes, in my basement which is elaborately finished. You are correct. It is usually cheaper and less troublesome to settle in legal cases. Too many shenanigans are allowed to delay or not to bring it to court. The court does not monitor these shenanigans.
@kathrynp7595
@kathrynp7595 2 ай бұрын
A pre inspection is a great idea 👍🏼
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
Thanks kathryn!!! I can always count on you!!
@yamistovall
@yamistovall 2 ай бұрын
So glad you are an honest Realtor, im so sorry that you went through this im a buyer that got scammed. 3 years in a civil suit, and we are holding strong.
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
Thank you!
@cjtzioumis686
@cjtzioumis686 2 ай бұрын
Our basement, (NOT a walk out), does have a couple of air vents and an intake vent in the basement. We keep them closed since the basement stays at a consistant temperature and it is not useable as living space. The perimeter has a finished wall and a half bath but no defined rooms other than a central mechanicals area. The layout is not functional as living space and I suspect the added vents were not done correctly since the house did not have a finished basement when built, previous owner added and heating/air units were not updated to account for extra area covered and air flow.
@floridafan6931
@floridafan6931 2 ай бұрын
That's it! I'm never selling my house! This is incredibly scary. How long does a buyer have to hold you liable before you can relax and feel the sale is actually over.
@mrs.rabbit621
@mrs.rabbit621 2 ай бұрын
It depends on your State, but typically there is a 2 year statute of limitations. After 2 years, you can breathe easier.
@SnakePlantCollector
@SnakePlantCollector 2 ай бұрын
Can't you write a note that the buyers can't sue you after the transaction?
@mrs.rabbit621
@mrs.rabbit621 2 ай бұрын
@@SnakePlantCollector You can try, but as stated in the video, you can be sued for anything, by anyone. The judge may dismiss the case, but you cannot stop someone from filing a case.
@dp5711
@dp5711 2 ай бұрын
Would it make sense to get a pre-listing inspection several months (if possible) in advance of listing ... and then a second inspection at the time of listing to prove that any issues found during inspection #1 had been resolved?
@eshea3621
@eshea3621 26 күн бұрын
Do a walk thru either the day of the closing when you turn over the keys or the night b4 and video tape it to show no mold on the walls, complete disclosure etc etc. I would have attached that to my answer and ask the judge to take judicial notice of it and grant a motion for summary judgemnent vs the plaintiff.
@ivannightly1919
@ivannightly1919 2 ай бұрын
while your correct any thinng to do with property even renting I video tape and photograph every thing when I get it when I leave it and keep that in a file for years.this often includes a walk though with the other party. why because if this occurs I can show the state of the property at the tie it was transferred to back up my claims
@FR-tb7xh
@FR-tb7xh Ай бұрын
Great video! About the ice damning, it’s not just about having clogged gutters (which, by the way, can obstruct sliding snow and ice even when clean). It’s important the attic space be louvered open at the ends to allow cold outside air ventilation. Often homeowners don’t think to insulate their attic floors, which allows house heat to rise into the space and warm the roof. Lastly, shallowly-pitched rooves (e.g., ranch rooves) are more susceptible to ice damns. On your counter suit, I’m not surprised the judge dismissed it if your legal services were free (by using your husband).
@xisigma
@xisigma Ай бұрын
Interesting. I know attic vents and fans help in summer, but never considered winter cooling. I wonder if the counter suit was lost on a technicality: like she could have hired her husband's company instead of him directly?
@lostmagicofdisney
@lostmagicofdisney 2 ай бұрын
Just bought a home with a walk out basement and it does have air conditioning down there. This is my first time with a basement, so I didn't know that's unusual. I can say, I think the AC portion is unnecessary since most of the area is subterranean and it's continually much cooler down there than upstairs. That being said, in the winter, the heat is a nice bonus, but not very effectual.
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
Did it have its own unit?
@lostmagicofdisney
@lostmagicofdisney 2 ай бұрын
@@KatiSpaniak Oh...no. If that's what you were referring to, I misunderstood. Our one unit covers both levels of the home.
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
@@lostmagicofdisney Right. There was an air conditioning unit in central air in the home... I am thinking that there weren't any vents that opened to the basement. But honestly, I havce no idea.
@copiawebster5502
@copiawebster5502 2 ай бұрын
Is it possible to get a real estate sellers insurance policy to cover this risk?
@jnova3328
@jnova3328 Ай бұрын
Great question. I would also like to know the answer and a range of how much a policy like that would cost.
@stashoski2675
@stashoski2675 2 ай бұрын
Sold house as is subject to home inspection and got sued / asked for thing to be fix and fixed
@jeffreyjourdonais298
@jeffreyjourdonais298 Ай бұрын
I bought a couple houses where sellers hid damage. We decided to just fix it instead of spending money on court cases.
@pmeehan_3
@pmeehan_3 26 күн бұрын
The thing about living here in the United States is anyone can sue anyone over anything. That doesn't mean they will win. Those are two separate things. If you get served with being sued the last way you want to get is upset or emotional.
@rogerbec5766
@rogerbec5766 2 ай бұрын
You hit the nail on the head when you said the word "extort or extortion". Not related to your video but still on the topic of homes, homeowners in Florida have extorted their insurance carriers over the years by filing lawsuits against them for roof replacements even when there is no damage to them. It is cheaper to pay for a roof than fight it in court. Why do you think insurance premiums are through the roof in Florida. In your case you were lucky since your husband was an attorney but you still lost time, money and sleep over the lawsuit.
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
You are 💯 correct
@debbiel2098
@debbiel2098 2 ай бұрын
Yes, it should have been in the Seller's Disclosure Notice. We just purchased a home, where the listing stated, 'new roof replaced in 2021'. This was a complete lie. There was a small spot in the roof, that was patched. Also, after the first rain, our bedroom had squishy carpet. When Hubby pulled the carpet up, he found moldy tack boards, baseboards, and someone applied silicone calking all along the baseboards to hide it from potential buyers. We did not sue, but we did go the the local Board of Realtors and made a complaint against the Sellers Realtor.
@Dbb27
@Dbb27 2 ай бұрын
Why in the world would you do that? Do you really think if the Sellers are hiding leaks and lying about the roof they told the Realtor?
@IRLSuperb
@IRLSuperb 2 ай бұрын
Sometimes the owner of the house lies to the realtor orwithhold information… the realtor is just trying to do their job and believes the house is a good home to sell so they will continue to act like everything is perfect. I would advise to always get not one but two independent inspections when you go see a Home.
@FirstCupSite
@FirstCupSite Ай бұрын
I would have sued for them lying. But your home inspector should have told you it was an old roof.
@Dbb27
@Dbb27 Ай бұрын
You need to go get an attorney and sue the owner. There is a lot of court precedent where Buyers win these lawsuits when people lie or cover up repairs. A complaint against the Realtors does nothing and you’re surmising that they knew. I would go after both the inspector and the owner.
@alyross2850
@alyross2850 2 ай бұрын
Our house has two furnaces, not ACs. The one furnace is just for the basement. It’s a really big house.
@nancyadams2477
@nancyadams2477 2 ай бұрын
We have a walk out ranch home that we built in 2016. We have 2 heating and air conditioning units - one for each level.
@michellelyman7092
@michellelyman7092 2 ай бұрын
we have a 3 floor zoning system and yeah, we have air conditioning and heat in the basement
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
Is it a separate unit?
@thatguy7085
@thatguy7085 2 ай бұрын
They never fixed the roof… two years later… yea, leaks Basements need airflow, most are not designed for finishing. Never sell as a finished basement, unless actually finished… with air conditioning.
@LisaSimplified
@LisaSimplified 2 ай бұрын
Can you get sued if you sell As Is though? I bought my house from HUD As Is and it clearly states no repairs. Thanks for sharing your experience.
@norxgirl1
@norxgirl1 2 ай бұрын
Same here.....
@Omar_Zazzle
@Omar_Zazzle 2 ай бұрын
Yes.
@njmaryannez
@njmaryannez 2 ай бұрын
She covered this. Go to the chapter starting at 10:22. Right at 11 minutes she explains how you can get sued by not disclosing.
@Cat-qn1yw
@Cat-qn1yw 2 ай бұрын
Kati said As Is doesn’t cover fraud.
@FirstCupSite
@FirstCupSite Ай бұрын
A Two-zone air conditioning system is not unusual in a larger house in a warm climate. The main floor and the (finished) basement are on one zone, the upper floor (what Americans call the 2nd floor) is on its own zone. Each zone has its own units outside, thermostats, and fans.
@peasanthill5255
@peasanthill5255 2 ай бұрын
Having disclosures ready and returned as part of your early timelines, when the buyer is in the 'honeymoon' phase, and gets past the seller jitters about the homes known issues.
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
So true! Getting those disclosures done early can really help ease the nerves for everyone involved.
@darcipaice9339
@darcipaice9339 2 ай бұрын
OMG that is upsetting
@aliannarodriguez1581
@aliannarodriguez1581 2 ай бұрын
Do all states have a seller’s disclosure form? I’ve never heard of such a thing and I’ve seen houses that would never have been sold if someone had to put down in writing even just the obvious things wrong with it.
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
Yes. Every state does as far as I’m aware. You have to disclosure major issues in the home. Not minor.
@norxgirl1
@norxgirl1 2 ай бұрын
A family member recently sold a property for "lot value only!!!"
@motivatedmindful1976
@motivatedmindful1976 2 ай бұрын
In Kansas, air conditioning in the basement is common.
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
With a separate unit? Or just a vent from your one air conditioner?
@ahomecheck744
@ahomecheck744 Ай бұрын
Scary story, just want to correct something, blocked gutters doesn't cause ice damming. Often caused by missing insulation, heat loss melts snow on roof, then freeze thaw cycle will cause it to come through the shingles. There can be other causes, but it is almost always the result of heat loss into anything space.
@definingstyle145
@definingstyle145 2 ай бұрын
Did the buyer get a home inspection before purchasing? If so, wouldn't the buyer sue their inspector rather than the realtor
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
I was low hanging fruit with the e and o insurance
@bunacat1
@bunacat1 2 ай бұрын
At my job, we have been sued three times over 40+ years. NONE of these were legit. When people sue, they sue EVERYONE that might be involved. One got thrown out because we were able to prove that we didn't install the equipment that they said we did. Can you imagine being sued for something you didn't even have anything to do with? The other two had nothing to do with anything we did, but the insurance still paid out some small amount just to make it go away. Also, the people who were included in the lawsuit that did not have insurance were left out of the lawsuit. So because they didn't pay for insurance they got out of it? Doesn't seem fair.
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
Right!! My husband sees this all the time. This is why he hates being an attorney!!
@nanciwarner-carreon7055
@nanciwarner-carreon7055 Ай бұрын
We will NEVER buy another home! Since we are both retired, we have decided to rent/lease the remainder of our lives, and with minimal possessions. We’re becoming very basic. It may not be ideal for many, but is going to be what works for us. We are “done” with this nightmare! Home maintenance costs, taxes, and 3 types of insurance (Homeowners, Windstorm, and Flood) have made it no longer feasible for us to purchase again. Also, these lawsuits have gotten completely out of hand,…to the point of wishing to avoid most humans. This is just so sad! Plus, we do not want to leave ANY of these issues for our children to deal with. We are unloading these headaches. Mercy! 🤦🏼‍♀️
@AA-iy4gm
@AA-iy4gm 2 ай бұрын
How often does this happen, its not nice to scare people if it doesn't happen often but it is good material for content creation and click baits...people are scared enough and have enough to deal with already.
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
It’s not about scaring, it’s about preparing…
@abbibrannan333
@abbibrannan333 2 ай бұрын
Dear Katy, you know I am a fan. When you were discussing the condition of the roof. You said the sellers gave the buyers a ten k credit, since I am somewhat hearing impaired I have the cc. on to make sure I understand the full content. Often cc. get it wrong, they said the sellers gave the buyers $110k credit. Too bad for the totally deaf as they are being mislead!!
@only_2_genders
@only_2_genders Ай бұрын
What wacked out state was that judge from?
@judiumstead5484
@judiumstead5484 2 ай бұрын
I bet they had a dual zoned HVAC and didn't know where the switch to power the zone was located.
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
Probably true!
@jmanke6057
@jmanke6057 2 ай бұрын
We declared everything and agent took care of everything. However buyer had no credit and most their money is stuck in China. They used all their money held in 0:06 USA to buy it cash. Money they wanted to fix it up with seems to be their dream house it seems stuck in China. They can hold it or use, it is livable. Could be a rental till they can transfer their additional funds from China before it can be their dream house. My agent says I have nothing to worry about how many years after sale do you worry about being sued. County keeps raising the value they say the house is worth so buyer did get a good deal. Don’t think they will loose. Just hope their property tax doesn’t keep going up like it has been if house looses value. I was just glad to leave the state. Property was a high class area but that can change. Hope new owner at some point gets to make it their dream home.
@dq7143
@dq7143 2 ай бұрын
If you buy a used car from a private party, it's up to the buyer to do their due diligence and hire an inspector to go over the car. I guess houses are another matter.
@B.LO.08
@B.LO.08 Ай бұрын
Great info. The video is going to fast. Set at too high of a speed.
@luke31ish
@luke31ish 2 ай бұрын
What happened to "buyer beware" line? The seller of a product will overly hype their product (house, car, bike etc). It's your responsibility as buyer to do your due diligence to make sure you get what you pay for. The average stay in a home is 5 years in US, what if there's an issue in house due to 3 sellers ago and I'm selling without being aware of that issue? How can a buyer's lawyer prove that I was aware of it? ... unless he has psychic powers and can read minds .
@donaldlee6760
@donaldlee6760 2 ай бұрын
So the lesson learned is to have a free attorney available? Like you say, when you sell your next home you can be sued for a frivolous reason and there is nothing you can do to prevent paying your $5000 deductible because it is so much less expensive than hiring an attorney and winning your case.
@emmacompton8501
@emmacompton8501 Ай бұрын
Good Information... just don't speed up your videos because it's too much!
@7_of_9
@7_of_9 2 ай бұрын
No trees near your home, no issues!
@jr9655
@jr9655 Ай бұрын
Beef ribs are $35-$40 now
@carpediem44
@carpediem44 Ай бұрын
Can't people feel a heavy black mold infestation as soon as they walk into a house? Wouldn't people have a repiratory reaction, sneezing, coughing, teary eyes...?
@amdg2023
@amdg2023 Ай бұрын
Dont sell your home, refi it take the cash and split, let the bank have it, it worked in 2007 it can work again.
@thecomputerdoc
@thecomputerdoc Ай бұрын
I thought the moral of the story was to marry an attorney! 🙂
@KatiSpaniak
@KatiSpaniak Ай бұрын
That’s my moral!!
@Sunflowers-Pumpkins
@Sunflowers-Pumpkins 2 ай бұрын
Is your editor speeding up the video? I can barely process the audio. I’m not sure why you’d speed up the audio like that. It’s unwatchable.
@tbaker3794
@tbaker3794 2 ай бұрын
Go to "settings" "playback speed" and select ".75" for a slower speed.
@deborahwhit118
@deborahwhit118 Ай бұрын
Wtf...i could stand listen
@abbibrannan333
@abbibrannan333 2 ай бұрын
Guess I will look for a lawyer boyfriend? hmm , ,
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
Haha! And one who cooks!!
@ncmathsadist
@ncmathsadist Ай бұрын
Some buyers are assholes. Get a hardball lawyer. It worked for us.
@damham5689
@damham5689 Ай бұрын
Face it, all Realtors lie and should be sued. When a potential buyer ask if theres any issues and the realtor doesnt answer honestly, even though previous buyers already had inspections showing problems which the realtor has seen. Thats a lie.
@timward3116
@timward3116 2 ай бұрын
What horror stories!
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
Totally!
@russelldunbar3946
@russelldunbar3946 Ай бұрын
First, you as an agent are getting paid well beyond the value that you provide. Second, why didn't you have an indemnity clause in the event that the seller has misrepresented this home. Third, why didn't you verify the a/c, considering you put that onto the MLS. Fourth, did the seller have multiple offers, if so, did you not care about what you were representing. Fifth, do you represent buyers. If so, are you more thorough in this representation than you are when you represent sellers. Sixth, you just made an excellent case as to why sellers and buyers SHOULD be represented by attorneys. Seventh, any seller who knowingly misrepresents their home should be sued along with the agent who claims that they sold the home, as you pointed out at the beginning of your video. Eighth, since disclosure notices are legally binding, WHY aren't you having your clients seek the advice of an attorney, considering you cannot provide any type of legal service, including offering advice.
@KatiSpaniak
@KatiSpaniak Ай бұрын
Wow. You have waaayyy too much time on your hands. 🙌
@globalfamily8172
@globalfamily8172 2 ай бұрын
People are just sociopaths.
@steves9905
@steves9905 2 ай бұрын
alright...my takeaway is i'm gonna get a divorce and find an attorney to marry...
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
Well. Mine is taken!!
@tammyrussell-rice5508
@tammyrussell-rice5508 2 ай бұрын
An attorney who cooks!
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
@@tammyrussell-rice5508 Yep!!
@hayesgibson2197
@hayesgibson2197 2 ай бұрын
I was interested in info you might have on your channel but you TALK TOO FAST!! 😡 When did instructional speaking become a speed event? I won’t listen to this.
@KatiSpaniak
@KatiSpaniak 2 ай бұрын
When I talk slow, people say I talk too slow… when I talk fast some people say I talk too fast… you can adjust the playback speed of the video in the settings of the video. Hope that helps.
@DeaconBean
@DeaconBean 2 ай бұрын
Totally subjective.... I put her on 1.5
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