Real estate disputes surface for many reasons, from zoning issues to financing and the sale of commercial property. Sometimes, these disputes are managed in a relatively amicable manner, while other disputes are very contentious and can drag on in court. The outcome of a real estate dispute can have a significant impact on one’s financial well-being, so it is critical to resolve a dispute appropriately.
Every real estate case is unique and these disagreements are resolved in different ways.
Alternative dispute resolution
In many cases, parties in a dispute will attempt to resolve the issue at hand out of court, such as through arbitration or mediation. In many cases, resolving disputes out of court can save both money and time. This can also allow all parties involved to work together to find an agreeable outcome. Arbitration or mediation can be particularly effective for disputes involving earnest money disputes, repair or inspection issues, claims of misrepresentation about the property condition and more.
While alternative dispute resolution techniques can work well in many situations, other disputes may require a more formal resolution in the courtroom. This can especially be the case if criminal conduct of one party is alleged, or if more complex issues are at stake.
Preparing for a real estate dispute
Every disagreement over real estate matters is unique and it is critical for you to prepare for the challenges that likely lie ahead if you are in the middle of a dispute over residential or commercial real estate. Regardless of the reason(s) why a disagreement has surfaced, there is likely a lot at stake and the way in which you handle the dispute could play a key role in the future of your business or your personal financial circumstances. By understanding the path to resolution and taking steps to prepare yourself for court, you can put yourself in a better position to protect your interests.