Why you should pay a lawyer to assist with the Iowa Real Estate Disclosure Form

There are many reasons why spending just $250 is a good investment and so today allow me to set out 15 reasons why this is a smart and a necessary investment.

1. The disclosure form real estate agents provide is a legal document.
2. The real estate broker and agents lawyer was not your lawyer when this document was created.
3. Real estate agents and most real estate brokers are not lawyers.
4. The real estate agent and broker will not and cannot provide you with legal advice.
5. If you do not disclose all significant defects and repairs in the house you can be held legally liable.
6. The disclosure statement is being read by the Iowa Courts with the offer and acceptance.
7. If you are found to be liable you can be required to pay for your own lawyer and the courts have been ordering you to pay the buyer’s legal fees.
8. Lawyers in these cases can have a bill of over $20,000 for representing the buyers.
9. Add up your fees to defend and the buyers legal fees and you can easily spend $40,000 for legal fees.
10. Last I checked $250 is a lot less than $40,000.
11. Many sellers would rather not give away $40,000 of their home equity to lawyers.
12. Ask yourself if your realtor has mentioned any of this.
13. Shouldn't you have someone in your corner? who is looking out for your legal interests?
14. If you ask your real estate agent a legal question what do they say? "See a lawyer because I can't give legal advice."
15. Ask yourself if when your real estate agent sells their home if they will get a legal consultation.

Need I say more?

This area of the law is a mine field – so don’t be the one who steps on a landmine. Call us, contact the Lombardi Law Firm and ask for either Steve Lombardi or Katrina Schaefer.

The Lombardi Law Firm

1300 – 37^th Street, Suite 4

West Des Moines, Iowa 50266

Telephone: 515-222-1110

Fax: 515-222-0718

Email: sdlombardi@aol.com or katrina.schaefer8@gmail.com