Today, it is more common for disputes to occur over real estate than ever before, and because of this, it is a good idea to have a real estate lawyer on your side. Regardless of whether you are thinking about purchasing a piece of real estate or you have already purchased a piece of property, it is a good idea to be familiar with a few of the types of disputes that you may potentially face.
Undisclosed Issues with the Property
It is very common for buyers to finalize the closing on a property and then find out that there are problems with the home that the seller failed to disclose throughout the buying process. Issues like this can leave the property significantly below the asking price. When settling disputes like these, it is important that you have information from the closing documents as well as the inspection report. In the event that the seller was indeed aware of the issues with the property and tried to hide those issues so that they could sell it, you may have grounds to pursue legal action.
A lot of individuals will request that repairs be made to the home before finalizing the deal. However, after closing on the property, you may find that the repairs were either performed incorrectly or poorly. In situations like this, it is important that you have the correspondence that was exchanged between yourself and the seller, as this correspondence will help in determining your next steps.
Breach of Contract
As soon as all of the contracts have been signed, legal grounds are required for either party to back out of the deal. In the event that one party attempts to back out of the contract, it is possible for the other party to sue them for breach of contract. A real estate attorney can help you determine whether or not an individual has breached a real estate contract.
When you are building a home or business, there may be certain zoning restrictions that you are faced with. The intent for the property could conflict with what is permitted, and because of this, it is important to consult with an attorney prior to purchasing a piece of property to ensure that you don't run into any zoning problems.
Real estate is a significant investment, and you do not want to take the risk of losing it over a dispute that can easily be taken care of from the get-go with the help of a real estate attorney. For more information on protecting yourself from disputes or for help navigating a real estate dispute, contact a real estate law firm in your area.Share