FSBO potential problems - a seller is liable for everything and anything listed

[Alex Goncharov]

I am thinking about the FSBO approach - when someone sells his home without an agent. I've found such an explanation:

"When listing a “For Sale By Owner” property, it is vital to understand that the homeowner is liable for everything and anything listed. This means that if a seller gives wrong information on the house, that seller will be held accountable by law.

And while some homeowners provide inaccurate information on purpose, others do it out of sheer ignorance.

If you are uncertain about specific details of your home, it is advisable to work with a real estate agent. This way, you can be sure that all details about your property will be professionally researched and accurately listed.

This would eliminate the possibility of your clients being disappointed during inspections and any legal problems arising further down the line."

Is that really a problem?

Please, share your experience on such cases. I would be interested to talk about it.