When purchasing, selling, or owning real estate, it’s not uncommon to find yourself in a real estate dispute. Perhaps your deal to purchase a property isn’t going as expected, or maybe you can’t agree to a resolution when a property falls short of your expectations. Here are some of the most common causes of real estate litigation.
The Seller Fails to Disclose a Property Defect
Most states have laws that require property owners to disclose known defects that aren’t readily visible and can impact the value of the property.
If a buyer discovers that a known defect wasn’t disclosed after closing on the property, they have the right to bring legal action against the seller.
Property defects that affect the home’s value but may not be noticeable include mold within the walls, leaks, and electrical problems.
A Real Estate Agent Breaches Their Contract
Many people choose to work with a real estate agent to reduce the stress associated with buying or selling a property. If the real estate agent doesn’t act in the client’s best interests or reveals sensitive information, the client can bring litigation against them.
Even a real estate agent that’s inadvertently negligent can be held legally responsible for their client’s monetary losses.
There’s a Disagreement About the Property’s Boundary Lines
Occasionally, it might be unclear where a property’s boundary lines are located. The property might not be properly registered, or neighbors may be using part of the property, even though the land isn’t legally theirs.
If research doesn’t reveal the true property lines or if a settlement can’t be reached, litigation will be necessary to determine the legal boundaries for the property.
How an Attorney Can Help
When you’re facing real estate litigation, you need a lawyer who understands property laws applicable to your situation and can help you achieve a favorable outcome for your case.
Warren S. Dank, Esq., P.C. has experience handling real estate litigation and helping our clients with their property disputes. Contact us to schedule a free consultation.