You get more protection from buying a used car than buying a resale home. A car has to pass a safety check before the registration can be transferred. In buying a used car you have the option to check for liens registered against the vehicle or whether the car has required major repairs following an accident. Can you imagine doing the inspection, but cannot look under the hood?
When buying a resale home, you are typically responsible for any renovations or repairs needed after closing. There is virtually nothing to protect a buyer who discovers a serious foundation problem, such as a leaking pipe or existing issues “under the hood”. Like a purchased car, you have the right to buy a property with a full understanding of its positive and negative points. How do you protect your legal interests as a buyer? We will answer your question!