Most Common Causes of Real Estate Disputes
Buying some real estate of your own is an exciting venture that often makes you look forward to the future. Most of the time, real estate transactions go forward smoothly and without complication. However, misunderstandings and misrepresentations do occur, and when they do, they can result in a dispute. There are several common reasons why this kind of dispute may occur.
Nondisclosure of Property Defects
When you buy a piece of real estate, you want to know what you're getting, and the seller is obligated to be transparent about any defects that exist in the property for sale. If a building contains toxic substances like asbestos or lead-based paint that have not been removed, this could lead to illness in the new owner of the building or to the great expense of having the problem fixed after the purchase. It's important to get a thorough inspection of a property before buying it to ensure that there are no hidden problems.
Wire Fraud at Closing
When the closing on your property finally takes place, a large sum of money may need to be transferred electronically to the seller. However, believe it or not, someone who is not actually the seller of the property could wind up with your money. Real estate wire fraud scams do exist and can create much misery if not caught in time. To avoid this kind of wire fraud, it is important to make sure you follow the correct process for the transfer of funds and be wary of any sudden changes in the procedures. You may even want to consider using a cashier's check instead.
The real estate purchase contract is an agreement between parties that outlines the terms of the purchase or sale. If one of the parties named in the contract fails to live up to their end of the agreement, this can lead to a breach of contract that causes a dispute. An experienced Florida real estate lawyer can help to defend your rights should such a breach of contract occur.
Call to Schedule a Free Consultation With a Florida Real Estate Lawyer Today
If you are facing a real estate dispute, call to schedule a free consultation with a Florida real estate lawyer today. The skilled legal professionals at the law firm of Smith/Barbara will evaluate your case and work hard to get you the best possible outcome. Visit our web page at smithbarbara.com or give us a call at (954) 710 - 0116 and talk with one of our dedicated staff. We serve the states of Florida and Tennessee and we look forward to serving you.