What Is Procuring Cause In A Real Estate Transaction?

Are you new to the world of real estate transactions and wondering what procuring cause means? Perhaps you’ve heard this term being tossed around by your real estate agent or read it in a contract, but aren’t sure what it entails. Well, let us tell you that understanding the concept of procuring cause is crucial for both buyers and sellers involved in any property transaction. In this blog post, we’ll explain everything about procuring cause so that you can navigate your way through a real estate deal with ease!

Procuring Cause in a Real Estate Transaction

Procuring cause in a real estate transaction means establishing the reason why one party acted as they did in relation to the other. This can be a critical part of resolving any disputes that may have arisen between buyer and seller.

When to Pursue Procuring Cause

When to Pursue Procuring Cause
There is no one definitive answer when it comes to pursuing procuring cause in a real estate transaction. The key factor is whether the alleged defect exists at the time of sale, and whether it could have materially affected the outcome of the sale. If it can be proven that the defect existed at the time of sale, and was a significant factor in causing the property to fail to meet its contractual obligations, then procuring cause may be available.

What to Do if You Encounter Procuring Cause

If you are involved in a real estate transaction and you feel that someone is improperly procuring or inducing someone else to make a purchase or lease, there are several things that you can do to protect yourself. You can file a complaint with the appropriate authorities, such as the Better Business Bureau, and try to gather as much evidence as possible to support your allegations. You may also want to consider negotiating a settlement with the other party before taking any legal action.

Conclusion

In order to procure cause in a real estate transaction, you must have evidence that the other party did not act in good faith. The real estate statutes provide numerous examples of what constitutes good faith, so it is important to consult with an attorney who is familiar with these provisions. To protect your interests and ensure that the sale proceeds go to you as the true owner of the property, obtaining cause is essential.