When Deals Turn Sour: RCSM’s Recipe for Real Estate Victory
From time to time, a deal goes south. It’s part of the process of real estate. And when it does happen, having the right legal team in place can be key. At RCSM, our experience with these types of deals has enabled us to prioritize the interests of our clients, even in the face of complications. Recently, we were able to help a long-time client facing a financial hurdle in a multi-family property transaction. Here’s how we did it.
A Challenging Turn of Events
Our client, a seasoned real estate investor, was under contract in the sale of a multi-family property. The buyer had put down a hefty deposit, and everything seemed to be progressing smoothly. However, as the closing date approached, the buyer suddenly refused to close the deal and demanded their deposit back.
At the change in circumstances, our client was facing a significant financial loss, with both the sale of the property and the sizable deposit now in jeopardy. They turned to us, knowing they needed strong legal representation to protect their interests and ensure they weren’t left holding the bag for someone else’s change of heart.
The RCSM Approach
Our team of experienced real estate attorneys got to work immediately, reviewing the contract meticulously. We then prepared a robust legal strategy. Our approach combined thorough analysis of the contract, aggressive litigation, in-depth knowledge of real estate law and years of courtroom experience.
Thanks to our practice of drafting air-tight contracts, we found that the buyer had no legal grounds to back out of the deal or reclaim their deposit.
Taking it to Court
When negotiations failed to resolve the issue, we took the matter to court. Our litigation team presented a compelling case, demonstrating that our client had fulfilled all obligations under the contract and that the buyer’s attempt to back out was unjustified.
The result? The court ruled in our client’s favor. Not only did our client keep the deposit, but the court also awarded them attorney’s fees. This outcome not only protected our client’s financial interests but also sent a strong message about the enforceability of well-drafted real estate contracts.
“I would recommend this remarkable firm in a heartbeat.”
Our client was thrilled with the outcome. In their words, “I would recommend this remarkable firm in a heartbeat.” This case strengthened our longstanding trust with our client and demonstrated once again that RCSM consistently delivers results when it matters most.
The Takeaway
In real estate, as in life, it’s not just about making the deal – it’s about having the right team to back you up when things don’t go as planned. Having experienced legal counsel on your side in all your real estate transactions is crucial, and with RCSM, you’re never alone when you face real estate challenges.
Whether you’re buying, selling, or facing a dispute in a real estate transaction, RCSM is here to help. Let our compelling work and proven track record protect your interests.
Contact us today to learn how we can assist you in navigating the complex world of real estate law.