Lawsuits - is it worth suing the buyer or seller if things don’t go according to plan?
Emotions can sometimes run very high in a real estate transaction, and sometimes parties feel they have been damaged and wish to sue. If I had a $1 for every time I heard someone ask if I thought they could sue the other party for XYZ – well, let’s just say I wouldn’t be writing this blog. The reality is that rarely (in residential real estate) are the possible damages worth the attorneys fees involved in a lawsuit. Remember even if you have a problem where you’ve been damaged, it doesn’t mean you have a legal claim to recover those damages. A good attorney can guide you through the particulars of your situation, but understand, it will cost you a few thousand dollars to explore the possibility – at least $10K to draft the appropriate documents, and thousands and thousands of dollars more before you even have a court date. Bottom line, consult with an attorney, and look at the dollars and cents. If you need a recommendation, contact me at brandon@brandongreen.com
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