Buying a home is a lengthy process. It is often troubling for home buyers when they face issues once they find their perfect home. Real estate disputes happen more often than people think. These disputes can happen with several parties, including home sellers, management companies, home inspectors, contractors and developers.
If there are issues during a home purchase, it may be necessary to take legal action. Before you start your case, it is important to know how a real estate dispute happened. Here are just a few causes of real estate disputes:
Hidden property defects
Many older properties have issues that would require new owners to make repairs before a property is inhabitable. A home seller is legally obligated to disclose any known material defects with a home, such as leaks, asbestos, lead, HVAC issues or mold. While a current homeowner may not be aware of every issue with a home, intentionally hiding issues with a home to sell it at a higher price may be considered misrepresentation. If a home buyer has evidence a seller is misleading them, they may take legal action.
Inspector negligence
A home inspector is meant to investigate the quality of a home and discover any major issues that may be addressed to the buyer before a home purchase is finalized. With the help of a home inspector, a buyer can negotiate a fair price for a home with the seller. However, the inspector may be negligent and fail to provide a proper investigation. A buyer may take legal action against the inspector for failing to complete their duties.
Boundary disputes, breach of contract and title disputes are also a few other causes of real estate disputes. Legal guidance is available to buyers who are facing real estate disputes.
