Jul 10, 2024
In Sound Business Insights Episode 43 - Real Estate Disputes Dan Watkins shares common issues and challenges associated with real estate disputes and how the Watkins Firm is able to help to resolve these challenges. This substantive conversation covers a wide range of topics including hidden defects, failure to disclose, mold issues, cracked slabs, failure to perform and other real estate related disputes, as well as the remedies available in specific situations.
In Sound Business Insights Episode 43 Dan Watkins shares that real estate, under California law, is unique, the same way a work of art is unique. Real estate is irreplaceable, and if you have a contract to purchase a piece of property and as the buyer you have done everything required of you to complete the purchase there is a remedy known as "specific performance." Perhaps the seller had another offer come in that is $100,000 higher than yours and is trying to get out of their agreement with you to take the higher offer. There are legal remedies to allow you to complete the transaction.
The episodes concludes with fights over money related to real estate projects including construction defects and the difference, under California law, between new construction, improvements or tenant improvements. Dan discusses the real estate concept of "stigma" and how stigma is real and can genuinely affect the actual value of a piece of real estate. Finally, in California real estate transactions there is a covenant of good faith and fair dealing. But everything has to be in writing within the "four corners of the contract." Sound interesting? It is, and we invite you to listen and learn from a real estate trial attorney with four decades of experience in these cases.