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.
When someone enters into a real estate transaction, the possibility that a dispute could arise down the road may be the last thing on a person's mind. Unfortunately, this happens all too often, and when a real estate dispute does arise, the contract between the parties will probably be the biggest part of the problem - or it can be the solution.
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 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.