I would like to introduce veteran Real Estate Attorney Felicia B. Watson as a guest contributor on theCTrealtyBlog to update you on legal concerns as they pertain to your real estate purchase or sale.
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Usually, my Seller client does not telephone me until after he or she has received an offer to purchase. Prior to meeting with me the Seller has already filled out his/her Residential Disclosure Form. I would like to discuss a section that gets many people in trouble. I have seen this particular problem arise on more than one occasion. This is Section #17- Basement: Water/Seepage?Dampness? Explain, amount, frequency and location.
If you have even one incident of water coming into the basement, report it. Even if the electric was off, the sump pump not working, a leak in the roof, a 100 year flood, anything. No harm can come if you report it. If you don’t report it, it can come back to haunt you. I have seen Buyers sue Sellers over one incident not being reported. Even if you are in the right, the legal fees can be cost prohibitive forcing you to settle for several thousands of dollars. If you report even the most minor incident, you won’t have a problem. As Sellers, it always best to disclose, disclose, disclose!
About Felicia B. Watson
Felicia B. Watson is a highly skilled and experienced attorney who has been practicing law for over 30 years, and specializes in Fairfield County Connecticut Real Estate.
Felicia's law practice involves all aspects of residential real estate, commercial property, new construction and retail transactions, and she is involved in all aspects of real estate financing. She has been involved in thousands of transactions representing both Buyers and Sellers and, as she puts it, "purchasing a home is one of the monumental moments in a person's life".
Her services include contract preparation and review, lease agreements, planning and zoning concerns, building permits, wetland and conservation as well as probate issues.
In her own words, Felicia says "Real estate has been my passion for over thirty years", and it shows. Furthering her commitment to her clients, she is currently pursuing her Masters Degree in Real Estate Development at NYU. She has also served as an Assistant Attorney General, and as an Elected Official on the Planning and Zoning Commission.
Attorney Felicia B. Watson
FeliciaWatson@sbcglobal.net