What happens if a real estate contract dispute goes to court?

If a real estate contract dispute goes to court in North Carolina, the legal process for resolving the issue will begin. Depending on the exact nature of the dispute, the court might refer the matter to mediation or arbitration. This could involve a risk-free process where a neutral third-party mediator helps both sides to come to an amicable resolution. If this is not successful, the court will then decide the outcome. For civil lawsuits, including real estate contract disputes, the court typically presides over a trial with both sides presenting their arguments. The judge or jury will listen to both sides before making a decision. This may include a judgement on who is liable for any damages or breach of contract, or an awarding of money to one or both parties as a result of the dispute. If the court decides that a party is liable for any damages, he/she may be required to pay compensation to the other party. This could include the cost of any repairs or the money awarded for breach of contract. The court may also order the responsible party to take certain steps to remedy the problem, such as returning a downpayment or completing construction of a property. If the court finds that no one is liable, or if the parties come to an agreement, the dispute is resolved and the litigation process comes to an end. The court ruling or settlement must be respected by all parties involved and both sides must take the necessary steps to comply with the terms.

Related FAQs

What happens if a real estate contract dispute goes to court?

Related FAQs

Related Blog Posts