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.
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.
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.