What is a common consequence of misrepresenting facts about a property?

Misrepresenting facts about a property can indeed lead to significant legal consequences for the seller. When a seller provides false or misleading information, they may be held legally accountable for any damages incurred by the buyer as a result of relying on that information. Buyers have the right to seek legal recourse if they discover that important facts about the property were misrepresented, as it undermines the trust necessary in real estate transactions. This can lead to lawsuits, which may include claims for breach of contract, fraud, or misrepresentation.

In contrast, while buyers may withdraw their offers if they find discrepancies, this is often a reaction rather than a direct consequence of the misrepresentation. The potential for a property to sell for a higher price due to misrepresentation is also misleading, as it could backfire if the buyer discovers the truth post-sale. Similarly, receiving more inquiries is not a common result of misrepresentation and could instead lead to reputational damage for the seller. Thus, facing legal action is a direct and serious consequence of such actions.