If you have a dispute with a neighbor, a home's seller or another party, it's important that you take steps to move on from that dispute and come to an amicable solution. While going to court is one option, there is also the possibility of involving both parties in mediation or arbitration.
In cases where you've purchased a home or structure that is not as it was represented, you may be angry or frustrated. Mediating may be the last thing you feel like you want to do, but mediation can help you save money and keep you out of court.
Mediators help by listening to both parties talk. They hear each side make their statements and help them understand how the law applies to their cases. Mediation also moves faster than a trial in many cases, so that means your transaction can move forward faster.
Mediation is different from arbitration, because it is not legally binding. Arbitration has the potential to be binding or nonbinding. In most cases, arbitration is binding and helps you resolve your dispute.
Arbitration is different because an arbitrator, who may be a judge, listens to both sides of the case. Instead of helping you both come to a resolution, the judge decides on a solution. That decision is legally binding. For example, if your neighbor violates your property rights but was arguing that he did not, the arbitrator would hear both sides and decide who is correct. If the neighbor did violate your rights, the arbitrator would rule in your favor.
Our website has more information about what you can do if you have a real estate dispute. You deserve to resolve this case quickly.