Delivering Solutions That Protect Your Best Interests

Rolling Tennessee hills

How to avoid common real estate disputes

On Behalf of | Oct 7, 2022 | Real Estate Law |

When considering investing in real estate, the first thing that comes to mind is identifying the right property to invest in, getting the funding needed, and earning a good return on the investment. However, there is more to real estate than that. 

Disputes can arise for various reasons. For instance, the land might be acquired through forgery or forcefully, or there might be inheritance issues. These disputes can waste your time, money, and resources. To thrive in the real estate industry, you must learn how to avoid them. Here is how:

Beware of fraudulent property sellers

There are no boundaries when it comes to fraud and scams. Frauds can occur in real estate transactions as the funds can easily be diverted to scam accounts. You might come across property sellers that play scams on buyers by adding the documents of properties that do not belong to them. 

Clearly define your property lines or boundaries

Property line disputes are common in real estate. This is especially true in regions with numerous property lines where boundaries might be hard to locate. So, when you buy a property, clearly define its boundaries. Otherwise, you can run into trouble later. Also, remember that even an inch of encroachment can cause problems.

Always disclose any property defects

Property owners sometimes fail to disclose defects to buyers when selling their properties. However, you must disclose any information crucial to the sale which can impact the buyer’s decision to buy the property.

Understand the contract before signing

Contract disputes in real estate can be avoided. All you have to do is read and understand the terms before signing. In addition, make sure that everything is written, and document every step of any transaction.

Real estate disputes are pretty common. However, you can resolve most of them in a mutually agreeable way. If this doesn’t work and the dispute costs you, consider getting legal assistance.