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Santa Rosa Real Estate Blog

Encroachment issues, and how to resolve them

When neighbors share bordering lines of property, encroachment is possible. In fact, encroachments come in a few different forms.

Whether looking to purchase or sell real estate, an encroachment can cause issues. Thankfully, you may pursue a few possible options to resolve this problem. 

What can go wrong in a real estate transaction?

Real estate transactions are tricky. People try to scam the system all the time, such as one California woman who faces five felony counts of trying to steal around $400,000 from property buyers in Arizona. 

When the day actually comes for the buyer and seller to sit down, a lot can go wrong. Some of it is preventable, which is why it helps to know what can potentially go wrong when you sit down for a transaction of this nature. 

How to use mediation in real estate litigation

Real estate litigation can arise from a litany of issues, and you may benefit from pursuing mediation. In California, mediation is a requirement if you want to move forward with a lawsuit. Most realtors put in this requirement within the purchase agreement so that you and the other party have to sit down with an objective entity to discuss the case. 

A lot of uncertainty comes with real estate litigation, which is why most professionals suggest mediation. Mediation is useful for cases including leasing disputes, partition cases, probate matters and disputes regarding the property's title, among others. Mediation comes into play for both commercial and residential real estate disputes. Here is what you need to know before pursuing mediation.

Commercial buyers and the due diligence period

Buying a commercial property can be an important investment, so it is essential to ensure the proper completion of each step. After signing the contract, you enter the due diligence period. Knowing how to use this time effectively can help you avoid a variety of problems later on.

Although the seller may have to provide some types of disclosure, a wise buyer will not simply rely on them. Even a seller who does not intend to deceive can fail to disclose important information through mistakes or unawareness. It is typically easier to avoid a problematic situation early on than to go to court later.

Tips to resolve ownership disputes involving titles

Real estate disputes pop up every day around California. Most professionals recommend pursuing mediation to resolve the dispute, but when two parties believe they own a title, things can become complicated quickly. 

There are several ways you may see a dispute arise. It could be an error in the public record, or the property could have an undiscovered encumbrance that gives an unknown third party ownership over the building. Regardless of how the dispute came into being, it is critical for everyone involved to figure out a solution as quickly as possible. 

Tips on commercial lease contracts

One important matter that Sonoma County area business owners encounter is choosing the right space for their operations. Location may seem like it is the most important factor to consider, but it is one of many things that influence the practicality of commercial leases. Business owners who understand their leases can use their knowledge to negotiate better terms. 

It is important for you to choose your facility/building wisely. Once you sign a commercial lease, you are legally bound to abide by the terms. If an issue arises between you and the property owner, your lease can provide the framework on steps you can take to rectify it. Here are some key considerations on commercial leases

5 common types of construction defects

As a developer, you take pride in your work. You make it possible for people to live their daily lives in well-designed buildings. Unfortunately, sometimes you may face allegations of a construction defect.

Common construction complaints come about because of problems in the following areas:

  • Structural integrity
  • Electrical 
  • Mechanical
  • Windows and doors
  • Finishes
  • Moisture and thermal protection
  • Water intrusion

Most common issues with titles

In real estate, titles are bundles of rights related to a piece of property wherein the owning party has either equitable interest or legal interest. Many startups have popped up in recent years that aim to simplify the title process. 

Anyone planning on investing in property should consider acquiring title insurance, which will help pay for any defects in a building after the sale. Here are some of the most typical title issues property owners have to contend with. 

Hidden expenses that can emerge during development

If you are an investor, finding a prime piece of real estate for development is certainly an exciting prospect. You are likely eager to get all the necessary inspections out of the way and make a deal as soon as possible so that you can start developing and making a profit. Even property that seems like a fantastic value can come with some unsavory expenses, though. 

There are countless hidden costs, in fact, associated with buying and developing a piece of land. Sometimes these costs arise from legal complications, and in such cases, you should consult with an attorney to better understand the situation. Sometimes, however, routine expenses such as the following can skyrocket the cost of your project:

What should developers look for in a potential investment?

If you are looking to develop a piece of land, there is certainly potential for a lucrative return on your investment. Owning property is one of the best investments you can make, as it will likely only appreciate in value. Not all investments are good, though, and all developers should be cautious before signing any paperwork to finalize a deal. There are a few key features you should look for first.

Consider the following three factors when you are in the market for an investment property. Whether you are a first-time investor or a seasoned veteran, you can benefit from paying attention to the following factors when it comes to buying an investment property.