Many of the common real estate disputes out there can be prevented with the right measures in place. Make sure you know what real estate problems can happen and then do the corresponding measures to prevent them from happening.
Common Dispute #1: Property title issues
It’s one of the most common reasons for disputes when buying and selling lands. If there are issues with the title of the property, it can’t be transferred.
You can prevent this by hiring real estate lawyers in North Vancouver who will be able to help you conduct title research. A title search will reveal more about the title such as if there are liens or encumbrances.
Common Dispute #2: Disputes against the developer/builder
Sudden changes in the materials used, delays in the project, and issues with the craftsmanship are just some of the issues that people might have with their developer or builder, especially when it comes to real estate properties like pre-selling condos.
It’s always a good idea to learn more about the builder in charge of constructing the property. Make sure they are not some shady company who just got into this business.
Common Dispute #3: No occupancy certificate
You can’t move into your property without an occupancy certificate. If you are buying the property with the intention of renting it out, you could end up losing some money. You can prevent this by adding a condition to the final payment of the property.
You can hire real estate lawyers in North Vancouver such as Lakes, Whyte LLP to prevent many of the issues of buying properties today.
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