Buying/Selling Simultaneously in a Cooling Market vs in a Hot Market (Gathering the Facts) Part 3
Consumer-Protection Equals Risk-Management
Real estate attorneys are swamped with unhappy buyer clients after a Seller's Market. Not the case after a Buyer's Market! Slow or balanced markets as a rule produce homes in better condition that are sold with more disclosures, inspections, and contingencies. These transactions usually allow proper time for buyers to review and investigate before removing each contingency. It's hard for real estate attorneys to put their kids through college when all those events occur. The chances of these sellers hearing from unhappy buyers after close of escrow, have been greatly reduced.
Pat Kapowich, "Negotiating Smooth Transactions Throughout The South Bay" SiliconValleyBroker.com