What is an Arm's Length Transaction in Real Estate?

In real estate, an arm's length transaction refers to a deal in which the buyers and sellers act independently and have no relationship to each other. This ensures that the price is fair and reflects the market value of the property. Understanding arm's length transactions is critical for buyers and sellers to prevent conflicts of interest and ensure fair pricing. In this article, we explore the concept in detail and provide insights into its importance in real estate dealings. Keep reading to get informed about how arm's length transactions can impact your real estate decisions!