What's the harm in a little white lie? Many of us are trained to tell them as a way to minimize harm, distress or delay. In the context of property sales contracts, however, any lie - big or small - can result in enormous liability.
Some say buying a home is the most important purchase a person will make. It's understandable then, that these sales contracts are long and contrived documents that are seldom understood in their entirety. Having an early understanding of the terms of your sales contract is important, however, as the rights and guarantees therein don't always last.
Whether it's a ranch-style house in Camas or a colonial home in Irvington, we all envision building or buying our dream home one day. In 2013, it seems more and more people made those dreams a reality. Recent residential construction rates indicate new home construction went up nearly twenty percent from 2012, with the sale of new homes rising by almost nine percent. That's a lot of new homeowners.