Nearly every type of dispute or disagreement can benefit for the use of arbitration or mediation. Most of the time disputes are resolved more rapidly via Alternative Dispute Resolution proceedings, as opposed to using the legal system. Some of the issues that can arise with real estate sales are disputes about earnest money, repair costs, claims that misrepresentations have been made about the property condition, as well as the fixtures and appliances. Mediation is an effective measure to resolve these issues since all parties are “sitting around the table” with a neutral whose sole commitment and attention is to this dispute and to helping bring about a conclusion.
As a general rule, when real estate mediation is used it will be a matter of just a few months that the dispute will be resolved. As a matter of fact, once all the particulars are sorted out, and once the mediation proceeding is started, it usually takes a far lesser amount of time than protracted litigation, to come to an agreement between all parties involved.