How Does the Fair Housing Act Affect You?
The Fair Housing Act protects homebuyers and renters from being discriminated against during the home buying and tenant application processes. And when you’re attempting to sell or rent out a house in Maryland, Northern Virginia, or Washington, DC, it’s incredibly important that you completely understand the Fair Housing Act and how it affects you as a seller or investment property owner.
Unfortunately, understanding the implications of real estate laws, such as the Fair Housing Act, can be difficult, and the legal ramifications for failing to comply can be incredibly severe. At Coakley Realty, our real estate agents and property managers are experts in real estate law, buying and selling homes, and effectively managing investment properties—all in compliance with federal, state, and local laws.
If you’re interested in learning more about the Fair Housing Act or about our real estate and property management services in MD, VA, or DC, call Coakley Realty today at 301-340-8700 or contact us online.
How the Fair Housing Act Affects Homeowners & Investment Property Owners
Whether you’re attempting to sell or rent out your property, the Fair Housing Act greatly impacts your sale and tenant selection process in the following ways:
- If you’re selling your home: complying with the Fair Housing Act means that when your house is put on the market publically, it is equally available to all people, regardless of race, ethnicity, or any other factor that doesn’t directly impact their financial ability to purchase the property.
- If you’re an investment property owner: the Fair Housing Act comes into play during the tenant selection process. All applicants must have a fair and equal chance to rent your property, regardless of race, ethnicity, or any other factor that doesn’t directly impact their ability to financially afford the property.
At Coakley Realty, our real estate agents know how to ensure your property fully complies with all federal, state, and local laws. If you’re planning on selling a house or renting out an investment property in Maryland, Northern Virginia, or Washington, DC, contact us today.
Legal Ramifications of Violating the Fair Housing Act
The legal ramifications of violating the Fair Housing Act can be incredibly severe, including lawsuits, financial loss, and more. If a potential homebuyer or tenant believes they have been discriminated against during the selling or tenant selection process, they can file a complaint with their state department of human rights and contact an attorney. The last thing you want when selling your home or renting out your investment property is to end up in a trial for perceived discrimination.
At Coakley Realty, we understand the ins and outs of all legislation in regards to real estate and property management, and we can help you ensure your property complies with all laws.
Make Sure You’re Complying with the Fair Housing Act
If you own an investment property or you’re trying to sell your home in Maryland, Virginia, or Washington, DC and you want to ensure you’re in compliance with all federal, state, and local fair housing laws, contact Coakley Realty today. Our professional and experienced team of real estate agents can help you make your sale or investment a complete success, both financially and legally. Call us today at 301-340-8700.