Real-estate disputes are some of the most difficult and frustrating disputes to deal with. Why? The outcome can significantly impact either party’s finances and future goals.
The goal for many people is to resolve a real-estate dispute as quickly as possible to stop the draining of funds. For instance, if you own a property and want to sell it, but you can’t sell it until the neighbor stops encroaching on your land, then you may end up with a dispute that is preventing you from selling property and making a profit.
In many situations where landlords and tenants or buyers and sellers have disputes, the goal is to resolve these problems through alternative dispute resolution processes. Arbitration and mediation are both common ways to resolve real-estate disputes.
Arbitration is more formal than mediation, but it has a firm resolution at the end of proceedings. On the other hand, for people willing to negotiate and work together, mediation is beneficial due to a relaxed atmosphere and the ability to learn how to handle future disputes if you must continue to work together in some capacity.
With either arbitration or mediation, the goal is to avoid going to trial or ending up in a drawn-out legal battle where your attorneys must negotiate and go to trial for you. For the best chance of a good resolution to your problem without the lasting animosity between parties, it’s mediation and arbitration with the best potential outcomes. Our web page has more on what you can do to resolve real-estate disputes that threaten your property or purchase.