Purchase & Sale Disputes
Resolving Purchase And Sale Disputes
Real estate transactions are long and complex. Both buyers and sellers have many tasks that need to be accomplished before the transaction can be completed. If either side fails to accomplish those tasks or wrongfully attempts to back out of the transaction, the other side may take action.
Whether you are the buyer or seller involved in a dispute over a residential or commercial real estate transaction, an experienced real estate law attorney can help. At Nialis Law Group, APLC, in Orange County, we have more than 35 years of experience resolving real estate purchase and sale disputes. With proven strength in negotiation and at trial, we stand ready to move the transaction forward or help you obtain compensation for losses.
Breach Of Real Estate Purchase Agreement
Remedies To Purchase And Sale Disputes
We take care to determine what your goal is before moving forward. In many cases, the ideal outcome is the completion of the real estate transaction. That may be possible with slight adjustments to compensate for the breach, such as a reduction in price to address items that the seller has removed that should have been included with the sale. In another case, action may be taken to compel one party to move forward with something that is being delayed. If a seller is attempting to back out of the contract, we may be able to take steps to push the sale through. If a buyer is attempting to back out of the sale, we may be able to seek compensation for the period of time that the house was taken off the market and more.
For further information about how a lawyer from Nialis Law Group, APLC, can help, contact us via email or call (714) 634-8001.
Most of these cases involve a breach of contract. The real estate purchase agreement contains a list of terms and conditions, from the price to the closing date to the move-in date to the specific items included in the purchase of a home or commercial property.
Events that could constitute a breach of contract and lead to a contract dispute include:
Buyer not putting the deposit into escrow on time
Buyer not signing loan papers on time
Buyer delaying the closing date
Seller failing to provide evidence of clear title to the property
Seller not moving out on schedule
Seller not signing off on closing papers
Seller removing appliances or other items from the property that were to be included in the transaction
When a buyer or seller fails to fulfill the terms of a California real estate purchase agreement, it is referred to as default or nonperformance.
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