Most of our readers have neighbors who live adjacent to their property. Let's face it: South Florida isn't exactly the type of wide-open country where you may not even be able to see your neighbor's home. No, Southern Florida is a highly-developed metropolitan area and, as a result of the high-density population, there are bound to be real estate disputes between neighbors from time to time.
Nobody likes it when a deal begins to "go south." It doesn't matter if it's at a car lot, a garage sale or in a real estate transaction - the feeling that a deal is not going to play out as planned can be frustrating. However, in a real estate dispute, there may be a significantly helpful option: litigation.
Most people in Florida probably approach a real estate transaction with a sense of exhilaration to go along with their nervousness. After all, whether the buyer is a first-time homebuyer or a small business owner, buying a piece of real estate is a big move -- sometimes the biggest financial move of a person's life. So, what happens if a wrench gets thrown into the works? How can a Florida resident resolve a real estate dispute?
Most people in South Florida probably know the basics about purchasing real estate. It goes something like this: a buyer finds a piece of property that is for sale, the buyer and seller negotiate the terms of the sale, money is exchanged and title of the property is transferred. It seems pretty simple, right? There's just one problem: the terms in the contract that is negotiated between the parties can come back to haunt one side or the other if they don't get it right before the contract is signed.
Selling real estate of any kind is almost always a complex financial transaction. South Florida homeowners can attest to the many signatures required in order to complete the transfer and move into a new home. And owners of commercial property could probably outline even more potential issues that could pop up in a real estate sale. So, what are the options when a real estate dispute comes up that threatens to derail the entire transaction?
Although many of our South Florida readers know that buying and selling real estate can get complex, the fact of the matter is that it can be exciting too. Families, in particular, can get excited about the prospect of finding the perfect place to call "home" and start a life together. However, not every deal goes smoothly, as a recent news story about one South Florida couple's problems with their real estate purchase demonstrated.
When a South Florida resident owns a piece of property, that owner can do whatever they want with the property, right? American ideals hold to the thought that a homeowner is the "king of the castle," the "lord of the manor," entitled to do with their property what they see fit to do. However, that may not always be the case in some situations.
When our South Florida readers are looking into either buying or selling a home, almost all of them surely enter the market hoping for a smooth, tension-free process. However, anyone who has been involved in a real estate dispute knows that problems can arise from almost any corner, at almost any time in the process. And when problems do arise, most times the only hope is that they can be taken care of quickly and easily - and not lead to litigation.