Sell to a San Diego Real Estate Attorney?
At the risk of being sued, my advice to our San Diego home sellers is “probably not.”
Years ago, feisty husband and partner Mike was president of a mortgage banking firm and contracted with a prominent legal partnership in Los Angeles for an expert legal opinion regarding lending to attorneys. Could they discriminate and decline to lend to attorneys as a class?
The legal opinion returned by Gibson, Dunn, Krutcher was a YES.
It may not be permissible to discriminate against real estate clients because of age, sex, race or sexual inclination–but discrimination against a profession was, in their legal opinion, a legal act.
I respect fellow San Diego real estate agent Tanya Brooking and when she shared that a buyer of her coastal listing,who also happened to be a property defect attorney, was already hinting around about a potential “mold” lawsuit, I couldn’t resist sharing the legal opinion Mike paid dearly for a couple of decades ago.
This San Diego property defect attorney appears to already be sniffing around for a potential lawsuit. The sellers of this property as well as their agent Tanya disclosed every defect they were aware of regarding this coastal home to the purchaser. Moreover, the attorney-buyer paid his own inspector to go through the home–and inspect it to what we would assume to be a “construction defect” attorney’s standards.
That was done, and he is still hinting about potential litigation.
Would I recommend selling your San Diego home to a litigious attorney?
And if you do, disclose all you know about the home and insist that every possible inspection be completed by the attorney. This, though, is good advice for any real estate transaction.