A home is often the largest purchase an individual or family will make. For this reason, a Louisiana homebuyer may want to take steps to protect his or her interests during the buying process. One way to do this is to add contingencies to the purchase contract, which is akin to attaching strings to the deal.
Failure to disclose can lead to real estate litigation
Selling a home can be a stressful thing. In today's market, houses in New Orleans either sit without buyers for a long time or they sell quickly. Regardless, when one finds a buyer, wanting the sale to go through swiftly and without issue is understandable. One thing that can stop a transaction in its tracks is the disclosure list, which is why some sellers may be tempted to keep certain information to themselves. Doing so, however, can lead to real estate litigation.
