Putting your home on the market, or deciding to buy one, comes with different legal considerations. These can lead to disagreements between the buyer and seller.
If you are selling or buying a home in California, it’s important to know what the most common disputes are and how to manage them.
Issues with deposits
Sometimes there are issues with a real estate transaction, and for one reason or another, it doesn’t go through. When deposits become involved, this can cause problems, particularly if the buyer and seller disagree on who gets to keep the money. Working with an attorney can help if there are disputes over the deposit.
The boundary line for a home getting sold can get called into question, causing confusion for the buyer and further worry for the seller. Other possible legal issues occur when an easement gets requested or if there is a request for additional provisions that aren’t standard in a purchase agreement.
Failure to disclose
If there are defects within the home, it is necessary for sellers to disclose this. Requirements vary by state, so this can cause confusion for both parties. Buyers can hold agents accountable if a defect was not mentioned to them prior to purchase. Having a qualified attorney allows both parties to be clear with one another.
Regardless if you are buying or selling property, working with an experienced attorney can ensure that you avoid some of these problems the next time you find yourself dealing with real estate.