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Why include arbitration clauses in real estate contracts?

On Behalf of | Jan 24, 2025 | Real Estate Law

Real estate deals don’t always go smoothly. Problems can pop up, causing delays and stress. By adding an arbitration clause to a real estate contract, property owners have a way to solve these issues quickly and affordably. Arbitration offers many advantages over going to court.

Quicker resolutions

Arbitration settles disagreements faster than going through the courts. Court cases can get delayed by busy schedules and complex rules. With arbitration, both sides can set their own timelines and work to fix problems without long waits.

Saving money

Taking a case to court can be expensive, especially when it involves lots of people or complicated issues. Arbitration avoids many of the costs tied to court cases. In New Hampshire, streamlined arbitration services make this option more budget-friendly and effective.

Expert decisions

With arbitration, property owners can choose an expert in real estate to handle the dispute. This person understands local and state laws better than a judge who may not specialize in this area. This leads to fair decisions that fit the unique issues of New Hampshire real estate.

Keeping things private

Court cases are public, which can make private details of a dispute available to anyone. Arbitration stays confidential. This privacy helps property owners handle their issues discreetly, which is helpful for sensitive or high-profile situations.

Binding outcomes

Arbitration results are legally binding. This means the decision is enforceable in court if needed. Both sides know the resolution will stick, which encourages them to take the process seriously.

Adding arbitration clauses to real estate contracts helps property owners address problems effectively. It’s a proactive way to handle potential conflicts while focusing on protecting valuable property investments.