3 Legal Issues That Might Complicate Your Real Estate Transaction

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Most parties who handle property transactions follow all the legal requirements when selling or buying houses. However, some sellers do not adhere to certain deed restrictions, while some buyers engage in fraudulent activities to acquire assets illegally. Therefore, you must be careful when buying, selling, or leasing a property to avoid losing your money. Working with a real estate attorney is a good way to prevent problems when handling property deals. They will take the following legal issues that may complicate your real estate transaction.

Contract Disagreements  

Contract disagreements can complicate your real estate transaction, prolonging the time you expect to close the deal. For example, a dispute may arise after discovering that the property has extensive foundational damages you might not have noticed before signing the agreement. You may also disagree with the property owner after noticing the title defects or realizing they had overpriced their property. In addition, you might dispute the contract if you notice controversial clauses. Unfortunately, the seller may not be willing to amend the contract, which could lead to a court battle. One way to avoid such issues is by working with a lawyer when purchasing a property. They will go through the contract to ensure that the seller has not included any information that might cause disagreements in the future.  

False Advertising

Every property seller must follow the regulations when advertising their property. Doing so enables prospective buyers to make informed decisions when viewing the advertised property. Unfortunately, some property owners use edited photos or give the wrong information when advertising their property. As a result, clients commit to buying the property without knowing that the house does not have the features indicated in the advert. In such a case, you may sue the property owner for presenting an inaccurate property description. In addition, your lawyer can institute legal measures against them to ensure they take responsibility for their actions.

Misrepresentation Issues

Some property sellers and their representatives do not provide accurate property details to potential buyers. For instance, they give the wrong information on the property boundary and fail to disclose environmental problems. Failing to provide such information is unlawful, and you can take legal action against a property owner or their agents for misrepresenting property issues. In addition, your legal advisor can argue your case in court to prove that the house seller did not follow the law before selling the house to you.

If you're dealing with any of the three legal issues above, consider hiring a real estate law firm to represent you in your case—such as Mack Rice Law. They will guide you through the legal process to ensure you get justice.