Buying a new home can be one of the greatest life-altering moments for people. You may find the perfect home to raise your family, cultivate your hobbies and build your future. Home buying isn’t all fun and games, however.
You may be purchasing a home when suddenly a legal dispute arises. Whether it comes from you or comes from the buyer, there are a few legal disputes that might arise when purchasing a new home:
Failure to disclose home issues
Many older homes develop problems. Some of these issues may only show up seasonally or in weather. Other issues may be isolated to a room, basement or foundation. Typically, home sellers have to disclose known issues with the home they’re selling, otherwise, you may be buying a home well over the price it’s actually worth.
Deaths in the home
Some people sell homes because a family member recently passed away – and they may have done so in the home you’re looking to buy. Some people don’t want to buy homes knowing someone recently died there. Home sellers must disclose any deaths in the home in the past three years if requested.
Sometimes home deposits bounce. This may be an issue that causes the seller to argue against selling the house or discuss raising the price for the delays. Some purchase agreements specify what happens when a deposit doesn’t go through – but a bounced check is a signal there may be financing problems.
Home disputes often call for the need for legal experience. If you’re facing a legal dispute over a home you’re looking to buy, then you may need to know your options.