Common Real Estate Disputes and How to Resolve Them

1. Common Real Estate Disputes Common Real Estate Disputes and Them Them and How How to to Resolve Resolve Many people think real estate disputes happen only when a buyer and seller disagree over the closing price, or when the buyers change their minds and decide not to buy. But there are many other situations that can lead to a dispute. And if you're involved in a dispute, you'll definitely want to understand your rights and obligations. There are many reasons why Real estate dispute Palm Beach happen, but the most common ones are listed below. Incomplete information: Non-disclosure of facts related to the property by the developer is one of the key reasons of real estate disputes. The buyer may not be aware of some of the aspects of the property before buying it. Such issues could encompass incomplete amenities, poor quality construction etc. Land acquisition: In recent times, there have been many issues related to acquisition of land. These can have a wide range of impact. The design and function of any future construction work can be stalled or even cancelled if the matter is not resolved in time. Losses caused due to absence of a piece of land that had been purchased already can never be recouped. In such cases, those affected end up with little recourse when they are unable to secure what they bought rightfully. Delay in possession: Whether it is buying a flat or any other property, individuals often go through the real estate contracts but tend to overlook the terms and conditions, thinking that it will never affect their property deal. But, such a thought can turn out to be wrong at times as minor details such as delay in possession can cause many disputes. There are many ethical complaints and illegal practices that a consumer has the right to raise against a realtor or brokerage. If a realtor is practicing business fraud and deception, charging excessive or hidden fees, or lying to the consumer, they may be reported to the Better Business Bureau (BBB), or a complaint made directly to their local or state association. Consumers who have fallen victim may have legal recourse as well when dealing with unethical practices by realtors, as through arbitration with their state associations or by taking court action. In disputes between realtors or ethical complaints against them by consumers there are procedures for arbitration in place based on National Association of Realtors' (NAR) Code of Ethics.

2. There are several cases where a seller and buyer might have disagreements about the terms of their agreement. These common disputes generally occur when both parties can’t communicate to one another properly and end up interpreting the agreement differently. By choosing common grounds to resolve the dispute, it might lessen the chances of taking legal actions against one another or even avoid litigation. For instance, both parties can revisit their original contract if necessary to settle their disagreement. If that doesn’t work, they may try mediation or arbitration. If you have a dispute with a realtor, it is important that you hire a realtor attorney. They can help you find out what your next steps are and they can also defend your rights better than you can do yourself. If you have any questions or concerns, just call us and we will answer them for you. We are here to help and before going ahead, talk to us. We can provide the best consultation available on Real estate dispute Palm Beach.