Real Estate Seller Disputes

Learn about real estate seller dispute agreements. Many times you have sellers that are taking backup offers or taking second offers, and they have to make sure that they’re properly terminating the first offer, so they end up not getting into some long-term legal situation where they’re going to be sued for specific performance or for damages.

 

Oppenheim Law

2500 Weston Rd Suite 209

Fort Lauderdale, FL 33331

954-384-6114

Transcript: Hi, Attorney Roy Oppenheim. I’m here today to talk to you about why if you’re selling real estate in the State of Florida, it is incumbent upon you to have proper legal counsel when you are doing so. In this crazy hot market, many times you have sellers that are taking backup offers or taking second offers, and they have to make sure that they’re properly terminating the first offer, so they end up not getting into some long-term legal situation where they’re gonna be sued for specific performance or for damages. And a lien is gonna be placed on their property, and now their property’s tied up for anywhere between 8 months and 16 months. And that can all be avoided if you have proper counsel.

In many cases, it is appropriate for a seller to terminate a buyer if they have not applied for a mortgage properly, if they didn’t put in their application timely, if it doesn’t appraise out and the property now is gonna have to become a cash deal and the folks don’t have the appropriate cash. The seller can terminate the contract, but it has to be done properly. If it’s not done properly, you can end up in a nasty lawsuit and spend thousands of dollars and a lot of time lost, and all because you didn’t have an attorney representing you as the seller.

Real estate seller dispute agreement Florida

You have a lot of money riding on the line. It’s a great time to be selling, you should have counsel in your corner. If we can be of any help to you, it’s our pleasure. Attorney Roy Oppenheim, for Oppenheim Law.