Real estate transactions can be complicated and, due to the amount of money involved, these are often the most high-stakes decisions people can make. If any problems or disputes arise during your real estate closing, it is essential to consult with an experienced attorney who can protect your interests. Continue reading to learn more about the issues that may arise and how you may resolve them.
Disputes Between Buyers and Sellers
There are a variety of different types of disputes that may arise between buyers and sellers during a real estate transaction, but some are more common than others.
Here are some of the most common ones you may encounter:
- Not disclosing the defects: When a seller does not disclose the defects of a property, this can impact not only its price, but the buyer’s decision to purchase it altogether. You may be able to hold the real estate agent involved accountable if the defects of a property you are buying were not disclosed.
- Issues with the purchase contract: Standard forms are typically used in the sale of a property, which include a number of sections for agents to fill in. However, some situations require special considerations that cannot easily be included in such a contract. Issues may also arise if inaccurate information is provided in this document.
- Problems with the deposit: Issues may also arise when it comes to the deposit. In cases where the real estate transaction fails to go through, there may be a disagreement as to whether or not the deposit should be retained.
- Legal challenges: Legal challenges can arise during a real estate transaction. For example, there may be certain provisions requested by the seller or buyer that are not usually part of a standard contract, such as a restrictive covenant.
If any disputes arise during your real estate closing, do not hesitate to consult with a knowledgeable attorney.
Schedule a Consultation with an Experienced Attorney Today!
At Boss Law, our skilled legal team has extensive experience in navigating disputes that arise during real estate transactions. You can rely on us to ensure that, from start to finish, every step of your case is handled smoothly and efficiently.
Reach out to our law firm today at (727) 877-3188 to request a consultation with one of our attorneys to learn more about the services we provide.