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Sign into your accountKnow How to Explain the Mediation Clause in Your Real Estate Contract to Buyer and Sellers
August 18 2015
You're about to close the deal, and up pops the paperwork full of fancy legalese on mediation. Do you have the selling tips you need to break it down for your clients without losing the sale?
Dealing with disputes
Real estate disagreements come in all shapes, from the sobering to the stupid. Mediation is just one way of dealing with them in the rare instance they should arise.
Why mediation?
Society is growing increasingly litigious, at great monetary, time, and emotional expense to the parties involved – not to mention the economy. Mediation offers a popular alternative, rising in frequency of use due to its unique ability to reduce these tolls.
Baby steps
Mediation is the first step toward dispute resolution. More informal than arbitration, it occurs outside the court system, involving a neutral third party – the mediator – whose goal is to assist parties in the dispute in reaching a mutually acceptable settlement to the dispute.