It may feel like it, but there is a lot of truth to the idea that a seller doesn’t disclose insurance claims. We don’t disclose insurance claims because we’re trying to protect ourselves from liability that may arise from the sale of the home. But, as an agent, we don’t want to be a liability for a client. We want to be a resource for them while they’re dealing with the home selling process.
This is the main reason why the home is the most important piece of the puzzle of the story. We don’t want to be a liability to the buyer or a client. We want to be the primary source of their income. We want to be the main source of their health. We want to be the main source of our house.
The seller of this house is obviously an idiot. They didn’t disclose that the house was worth more than the house is worth. That is a huge liability. The buyer is a liability as well. The buyer is probably not as informed about the house as the seller is. That is a huge liability.
The seller might not have known that, but they certainly should have. That is a huge liability.
The seller might not have known that, but they certainly should have. The seller probably didn’t realize their house was worth more than they are worth, which is a huge liability because this house might not be worth much in the end. And it’s a liability because the seller is an idiot. That is a huge liability.
I’m not sure of the full extent of the seller’s responsibility, but it is clear that they knew that they were in a home that was worth more than they were worth. If they had disclosed this to the buyer it would have probably cost them millions. And that is a liability because the seller is an idiot. That is a huge liability.
In an interview with Forbes, the seller was asked about this and told the buyer they never disclosed the true value of the house. And not just as an insurance claim.
The seller’s mistake is a legal one. In California, it is a crime and punishable by a fine to misrepresent the value of a property. In this case, it would likely have cost the seller millions of dollars in a lawsuit to tell the buyer that they made a mistake in their estimate. That’s a lot of money to lose.
In the end, these sellers are not in the business of selling houses. They are in the business of selling dreams. It’s an art and an art form.
The art of selling a house. The art of selling dreams.
