Real Estate Matters
Original post made on Oct 31, 2012
Read the full story here Web Link posted Wednesday, October 31, 2012, 10:53 AM
on Oct 31, 2012 at 11:30 am
The article on Mediation and Real Estate when a dispute arises was outstanding if a dispute should occur between buyer seller and seller, Broker.
Mediation is also confidential, cost effective and can allow "fresh air" v arbitration or litigation. Mediation can lead to a quick resolve in the dispute.
Mediation can also be effective in landlord tenant disputes, real estate deposit disputes, probate matters, easement issues, tree disputes, or neighbor to neighbor disputes, partnership disputes.
As the article mentioned if the claim is $10,000 or less, "small claims court" can be of value. Sometimes courts will have mediation panels that are available at small claims or on issues above $10,000.
Check with the local court under ADR or Alternative Dispute Resolution.
Another source would be a private mediator, simply do research in your
browser such as Yahoo, Google ie. "Real Estate Mediator", "Real Estate Mediation"
If one has legal questions, about real estate issues, its always best to seek legal counsel in the area of the law, where you have legal questions.
Jim W Hildreth Mediator, Arbitrator & Referee
on Oct 31, 2012 at 3:45 pm
Wish I had known about all of this when we bought the house we are in now. Our agents did not inform us of things to avoid in location, and the seller did not disclose important things like the nearby RR or lack of insulation. The agents didn't even tell us that the lot was substandard--they told us everyone had a tiny lot in Palo Alto.
As we uncovered the truths, one by one, we were told we would have to hire a real estate lawyer for big money and sue the sellers to force them to take the house back and return our 50% down payment. The whole thing would have been so expensive, with no guarantee of a good outcome for us, that only the attorneys would come out ahead. so we decidied against it.
Now, we are finding this property to be extremely hard to sell due to its location and small lot, and we are stuck here.
what we did not know then is hurting us now. Caveat emptor!
on Oct 31, 2012 at 4:20 pm
" the seller did not disclose important things like the nearby RR "
You did not notice a train nearby???
" lack of insulation."
You did not have the house inspected before you bought.
"Now, we are finding this property to be extremely hard to sell due to its location and small lot, and we are stuck here."
I am sure you can still get millions for it. You are not stuck--if you want to move, then move.