Note: This blog is cross-posted from Manhattan Beach Confidential.
It's not often that the minutiae of real estate law wind up on the front page of your morning paper.
But there they are now, after an important California Supreme Court ruling on Monday. You may browse the details of the story and wonder: What does it mean to us, here, in Manhattan Beach?
Before we jump into the weeds of that case, let's jump to a couple of conclusions:
1) Lots of transactions are going to become more complicated, with stilted, extra CYA disclosure documents and other sober, formal-sounding statements larded on top of all those that we already see in a typical home sale.
2) Some sellers may believe that their best interests are served by working with…