REAL ESTATE MEDIATION
Any party to a real
estate transaction can mediate a dispute -- sellers, buyers,
brokers, builders, home inspectors. In the past, when negotiations
failed, parties took their case to court. Today, they have the
choice of making effective agreements through mediation.
When a mutually
acceptable solution has been reached, the mediator prepares a
written agreement, detailing the terms of the settlement. Once the
settlement agreement is signed, the parties are legally bound.
Association of Realtors has established a Dispute Resolution
System ("DRS") specifically designed for quick and low-cost
mediation of any kind of real estate dispute. Out -of - Court
Solutions is an approved Mediator for the Arizona Association of
Benefits of Real Estate Mediation
Statistics show that mediation is successful 80-90% of the
Saves Time - Saves Money
Mediation proceeds quickly, scheduled at the convenience
of the parties. The delays common to litigation are
avoided. Since the parties typically split the fees, no one pays
an excessive amount.
Mediation is collaborative. The disputing parties make all
decisions and determine the very outcome of the dispute itself.
Private and Confidential
Anything said or presented in writing during mediation is
strictly private & confidential, precluding public disclosure or
later use as evidence in court.
Mediation fully belongs to the parties - not an outside
authority imposing a decision.
If a settlement is
not reached, they are free to arbitrate or litigate as if the
mediation never took place.
Any party can invoke mediation by submitting a written request
to Out-of-Court Solutions. Information packets which include DRS
submission forms will be provided to all parties.
Out-of-Court Solutions will arrange, schedule, and conduct the