Do most buyers opt for arbitration? Question arose from a buyer who has an offer in to a seller. The seller is requiring the arbitration clause signed or no deal.
Yes, in most contracts, the buyer and seller agree to arbitration. Though this may not be the best solution depending on what transaction and which party you are. By not agreeing to arbitration up front, this does not eliminate the option if a litigious situation occurs - but then both parties must opt for arbitration. By opting for arbitration, then you are forced into that situation without choice. Arbitration is effective in the most part to save money and time, but it very well may limit what you can achieve in a full blow court situation. By the way, most attorneys, who buy homes, don't opt for arbitration, obviously.
Investment Real Estate topics throughout California and sometimes further! Mario Pinedo has been a Realtor since 1991 in Silicon Valley and has sold throughout California and the West. His primary investment vehicle is multi-family rental properties. Mario focuses on major markets from San Diego, Orange County, Los Angeles, San Jose, San Francisco and northern California. He currently lives in Irvine, CA.
Showing posts with label Real Estate Contracts. Show all posts
Showing posts with label Real Estate Contracts. Show all posts
Tuesday, August 11, 2009
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