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In real estate transactions, it is quite common for there to be disputes between buyers and sellers. During the course of a real estate transaction, you may have significant problems, which could result in the deal falling through.
However, by cooperating with a buyer or a seller with the help of other professionals, such as real estate attorneys, you will be in a better position to complete a real estate transaction without any problems. Here are some of the top real estate disputes among buyers and sellers which our lawyers can help you deal with.
Failure to Disclose
One of the reasons why you may have a dispute in a real estate deal is because of a failure to disclose certain facts. In a number of cases, a buyer or a seller will not provide certain information that is critical in allowing you to make a decision about any given real estate transaction.
Due to a lack of disclosure, you may end up completing a real estate deal that does not satisfy your needs. Therefore, a major dispute is likely to occur.
Purchase Contract Issues
Another reason why you may have a dispute in a real estate transaction is due to issues with the purchase contract. There are many real estate agents that use standard forms to complete a purchase contract.
As result, there is a possibility that the contract may leave out clauses and information about a real estate deal that is important for your unique situation. There can also be information that is inaccurate, which can also likely lead to a dispute.
Deposit Disputes
When completing a real estate transaction, another common dispute that you may face is the deposit amount. There may be a time when you will have a dispute over a certain amount of funds that were supposed to be part of the initial deposit.
In case a deal does not go through, there can be a dispute about retaining the deposit amount or giving it back to the other party. In most cases, this will usually be a significant legal dispute when looking to make a real estate transaction.
Legal Issues
During the process of a real estate transaction, there can be a number of legal issues that cause a dispute. These legal issues can include misleading information and not meeting certain requirements when it comes to the completion of the property sale.
For example, the owner of the property may fail to get a home inspection completed before selling me the property when it is something that they initially agreed to. Another example would be a property owner agreeing to sell me their property at a certain price and then backing out and wanting a higher price. These are legal issues that can prevent a property from being sold and cause a major dispute.
Disputes Between Owners
Whenever a real estate transaction takes place, there can often be disputes between owners of the property. If you were to own a real estate property with someone else, there can be a problem when it comes to selling the property. There can be issues regarding when to sell the home, what price to list it as and also which offer to accept.
As well as there being issues as the property owner, you may also encounter disputes between sellers of a property that you would like to buy. If a property owner disagrees with the other property owners, there can be a problem with completing the sale.
How An Experienced Real Estate Attorney Can Help
Real estate law is quite complex and can confuse a lot of people during the course of a real estate purchase or sale. When looking to complete any real estate deal, it will be very important to hire an attorney who specializes in real estate.
At Chesser & Barr, P.A. our attorneys will help both parties of any real estate deal get a better understanding of real estate law. As a result, it is much less likely that a dispute will occur during the course of any given real estate transaction.
If you are disputing with a buyer or seller, contact our firm at (850) 610-7471 to discuss your case with our experienced real estate attorneys.