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A how-to guide for resolving real estate transaction disputes

On Behalf of | May 24, 2023 | Real Estate |

Resolving disputes between buyers and sellers in real estate transactions is possible. These often occur due to paperwork, contract or property issues. They can make it difficult to finalize the sale of a property. Failed transactions are the result. That can mean the buyer does not get the home of their dreams. However, positive outcomes are still possible.

There are plenty of options when it comes to resolving these disputes. The main reason they occur is due to contract issues. Sometimes the hidden provisions can lead to arguments. However, analyzing the documents is an excellent way to resolve these. Another common problem arises with property rights. Here are the basics for how to fix these types of disputes.

The resolution process

Whether it concerns property tax or something else, every case will be unique and demand a unique resolution process. However, most issues follow a similar path and start with a survey. Then, if there are multiple current owners, they must agree on the terms of the sale. If this cannot occur, the sellers can divide the land. Finally, the buyers must research any covenants.

Additional matters

The landlord can help reveal potential issues if the unit is a rental. They can also point out where the contract violates specific policies. They also have to worry about angry tenants destroying units due to evictions. A landlord may also need to clean out the apartment or perform maintenance. These issues can all cause disputes with future tenants. Fortunately, good communication can often help keep these issues from demanding litigation.

Real estate issues can disrupt sales. That can leave buyers without the house of their dreams. It can also leave sellers without the funds from the transaction.