{"id":73,"date":"2020-05-19T10:21:00","date_gmt":"2020-05-19T20:21:00","guid":{"rendered":"https:\/\/oahure.com\/oahu-real-estate\/?p=73"},"modified":"2022-05-04T12:15:29","modified_gmt":"2022-05-04T22:15:29","slug":"use-the-disclosure-to-prevent-getting-sued","status":"publish","type":"post","link":"https:\/\/oahure.com\/oahu-real-estate\/use-the-disclosure-to-prevent-getting-sued\/","title":{"rendered":"Use the Disclosure to Prevent Getting Sued"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"420\" src=\"https:\/\/oahure.com\/oahu-real-estate\/wp-content\/uploads\/2020\/06\/disclosure-prevents-getting-sued.jpg\" alt=\"Use the Disclosure to Prevent Getting Sued\" class=\"wp-image-214\" srcset=\"https:\/\/oahure.com\/oahu-real-estate\/wp-content\/uploads\/2020\/06\/disclosure-prevents-getting-sued.jpg 800w, https:\/\/oahure.com\/oahu-real-estate\/wp-content\/uploads\/2020\/06\/disclosure-prevents-getting-sued-300x158.jpg 300w, https:\/\/oahure.com\/oahu-real-estate\/wp-content\/uploads\/2020\/06\/disclosure-prevents-getting-sued-768x403.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">A complete disclosure is the most important thing a seller can do to protect themselves from being sued in the future.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The rule I go by for the disclosure is if you must think about whether an issue is important enough to disclose, then you should disclose it.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The rule our attorney gives us is you won&#8217;t get sued for something you disclosed, it is only when you don\u2019t disclose something that you could get sued. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Almost all lawsuits from unhappy buyers have to do with something that was not disclosed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There is a comprehensive disclosure statement with many questions that sellers will answer and provide to the buyers, normally within 10 days after acceptance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If a new disclosure comes up, or one that makes a previous disclosure statement not accurate, and this disclosure substantially affects the value of the property, then the seller needs to provide an Amended Disclosure Statement to the buyer. Substantially is a keyword as minor issues that can easily be fixed do not create the need for an Amended Disclosure Statement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If the buyer is not satisfied with the disclosure statement or amended disclosure statement, they have up to the number of days in I-3 to cancel the escrow and get their deposits back.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The &#8220;As Is&#8221; Conditional Addendum does not change the seller&#8217;s responsibility to disclose everything.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So sellers make sure you disclose everything. This is the most important thing you can do to make sure you are not sued after the sale closes.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"990\" height=\"778\" src=\"https:\/\/oahure.com\/oahu-real-estate\/wp-content\/uploads\/2020\/05\/I1.png\" alt=\"\" class=\"wp-image-76\" srcset=\"https:\/\/oahure.com\/oahu-real-estate\/wp-content\/uploads\/2020\/05\/I1.png 990w, https:\/\/oahure.com\/oahu-real-estate\/wp-content\/uploads\/2020\/05\/I1-300x236.png 300w, https:\/\/oahure.com\/oahu-real-estate\/wp-content\/uploads\/2020\/05\/I1-768x604.png 768w\" sizes=\"auto, (max-width: 990px) 100vw, 990px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><a rel=\"noreferrer noopener\" href=\"https:\/\/oahure.com\/oahu-real-estate\/wp-content\/uploads\/2020\/05\/Disclosure.pdf\" target=\"_blank\">View Complete Hawaii Real Property Disclosure Statement<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Additional Search Terms &#8211; I1, I2, I-1, I-2<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A complete disclosure is the most important thing a seller can do to protect themselves from being sued in the future. The rule I go by for the disclosure is if you must think about whether an issue is important enough to disclose, then you should disclose it. The rule our attorney gives us is &#8230; <a title=\"Use the Disclosure to Prevent Getting Sued\" class=\"read-more\" href=\"https:\/\/oahure.com\/oahu-real-estate\/use-the-disclosure-to-prevent-getting-sued\/\" aria-label=\"Read more about Use the Disclosure to Prevent Getting Sued\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-73","post","type-post","status-publish","format-standard","hentry","category-purchase-contract"],"_links":{"self":[{"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/posts\/73","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/comments?post=73"}],"version-history":[{"count":6,"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/posts\/73\/revisions"}],"predecessor-version":[{"id":215,"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/posts\/73\/revisions\/215"}],"wp:attachment":[{"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/media?parent=73"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/categories?post=73"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/tags?post=73"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}