Is my Tahoe Home Purchase Contract Offer Confidential?

An often over-looked important detail in our real estate contracts is the confidentiality provision – there isn’t one! Here in the North Lake Tahoe area we typically use the California Association of REALTORS® (CAR) Residential Purchase Agreement (RPA) to buy and sell residential property and the

CAR-RPA document does NOT have a confidentiality provision in it.

Most Buyers and Sellers assume the Tahoe home real estate purchase contract is confidential, when in fact it is not. As real estate professionals we try and remind our clients of all of the little details, but one very important one is that unless otherwise agreed to, the terms, conditions, price offered is not confidential information. Both the Buyer and the Seller, along with their agents are free to share this information with anyone.

As a Buyer, or Seller you’ll find that several of our supporting disclosures and documents specifically remind Buyers and Sellers that the contract and transaction are not confidential unless otherwise agreed to, but it’s always good to ask your Tahoe Real Estate Agent ~ Is this offer confidential?

If you want your Tahoe home purchase offer to be confidential then you need to have a confidentiality and non-disclosure agreement agreed to by both sides of the transaction!

Depending on your situation and your negotiation strategy, using a Confidentiality and Non-Disclosure Agreement may, or may not be in your best interest. When would a Seller or Buyer consider using a confidentiality and non-disclosure agreement? Here are some popular reasons:

The property is not “officially on the market” and the Seller wants to keep things quite until the sale is complete.
The property is a high-end luxury, or a Trophy property and privacy is important to both the Buyer and Seller.
The Buyer doesn’t want their offer shopped around.
The Seller wants a Confidentiality and Non-Disclosure Agreement in place so when multiple offers are being presented everyone knows no information is being exchanged with other parties.

Remember if you’re using the CAR-RPA real estate purchase contract, all parties are free to share any and all information contained in the agreement unless a separate Confidentially and Non-Disclosure Agreement is used and agreed to by both parties!Is my Tahoe Home Purchase Contract Offer Confidential?

Thinking about making Tahoe City, California your second home? Check out the homes that are for sale in Tahoe City here:

Want to see what condos are for sale in Tahoe City? Here are the current listings:

For all of your Tahoe real estate needs –

Laura A. Allen | 530.414.1260 | Laura@TahoeLaura.com
BROKER ASSOCIATE, Tahoe Real Estate Agent
CalRE# 01473598
Coldwell Banker, Tahoe City, CA CalRE#01908304

All information is deemed reliable, but is subject to change, and/or correction without notice.

Is my Tahoe Home Purchase Contract Offer Confidential?