RENO, NV, NV / ACCESS Newswire / October 14, 2025 / In real estate, the excitement of property additions or sales can sometimes feel like a slam-dunk. However, there are precise legal liabilities and severe financial risks on both the buying and selling side of real estate contracts and transactions, commercial or residential. Without necessary legal counsel, parties can be unnecessarily exposed to lawsuits, closing repair costs, the potential loss of substantial deposits, etc.

There are some specific pre-closing and post-closing risks. A pre-closing risk could be the loss of earnest money, which is the financial risk of losing the substantial earnest money deposit because of a missed deadline, failing to provide a written notice, leaning on ambiguous wording in contracts, etc. Another pre-closing risk could be forced performance litigation, where the non-breaching party will file a lawsuit to compel the buyer or seller to complete the transaction under unfavorable terms.

On the other hand, post-closing risks can include inheriting undisclosed debt, such as mechanics' liens or undisclosed tax liabilities that were not mentioned or forgotten about. Another post-closing risk could be litigation over unpermitted work and hidden structural defects, resulting in massive remediation costs after closing.

"Real estate transactions and contracts are not as 1-2-3 simple as people might think. Unfortunately, there are many areas where key details can slip through the cracks, and a non-legal professional may not catch them in time before it's too late," says Ken LaMance, LegalMatch's General Counsel.

An individual, family, or business seeking to avoid costly real estate setbacks can benefit greatly from legal direction. LegalMatch.com, a valued and trusted attorney-client matching platform, can match a party for free with an experienced real estate attorney or contract attorney, depending on the circumstances. Don't wait until problems arise, when you can ensure they don't happen at all.

About LegalMatch.com

LegalMatch is the nation's oldest and largest online legal lead-generation service. Headquartered in Reno, Nevada, LegalMatch helps people find the right lawyer and helps attorneys find new clients. LegalMatch's service is free to individuals and small businesses looking for legal help. For more information about LegalMatch, please visit our website or contact us directly.

Media Contact

Ken LaMance
press@legalmatch.com
(415) 946-0856

SOURCE: LegalMatch.com