After a few days of serious thought, you made an offer on your dream house. After a little back-and-forth, the numbers have gone up, leaving your ideal price range behind…but you’re not sure you want to give up just yet. You know that buying a house can be an emotional decision, but you need to think critically in a real estate transaction to avoid being swindled. Should you consider hiring an attorney before going back into negotiation, or handle the deal yourself?
What Does a Real Estate Attorney Do?
Whether you’re buying a home, investing in commercial real estate, or expanding on your property, a real estate attorney can help you avoid legal battles and save you thousands of dollars in unforeseen costs. At Blackwell, Vishio & Fisher, we assist property buyers and sellers during all stages of real estate acquisition, from negotiation and preparation of purchase agreements to financing and closing. We can help you with all facets of your upcoming real estate transaction, including:
- Negotiations. Many buyers do not know how to negotiate a fair price during a sale. A good real estate lawyer has experience negotiating the terms and conditions of sale and can work with brokers, developers, and other investors on your behalf.
- Financing. Once a price has been agreed upon, buyers will need residential or business mortgages for their new property. Our attorneys have knowledge of both standard payment structures as well as alternative methods of financing, and can help you structure your loan according to your needs.
- Drafting documents. A real estate agent may be able to help you prepare a deed, lease, or purchase contract, but only a licensed attorney can draft and revise these documents for legal use. Banks and private sellers use attorneys to prepare their documents for them, but you may also hire your own representation to protect your interests.
- Zoning and land use. If you are purchasing land or a piece of property for commercial purposes, you should consider whether it has been approved for your specific use. Our attorneys can help with zoning and land use regulations, as well as help with any federal, state, or local permit applications you may need.
- Preparing leases. If you are purchasing commercial property, you will likely need assistance preparing a lease agreement. We can assist both landlords and tenants with their rental property transactions, such as drafting retail, office, ground, or industrial leases.
- Due diligence. Even if you do not hire an attorney during the negotiation and financing process, you may still protect yourself by having a lawyer look over the transaction forms before signing. A real estate attorney can advocate on your behalf in the eleventh hour, providing advice and raising potential issues before the transaction is final, making you fully informed of all costs, benefits, and risks.
Real Estate Law Is a Complex Process
Some first-time buyers make the mistake of thinking they can “go it alone” on their purchase of real estate because they do not want to spend money on attorney fees. However, many often find that even having an attorney review closing documents could have saved them enough money to pay the attorney’s costs several times over—while others have been saved from scams and bad business deals from a real estate lawyer’s advice.
If you are investing hundreds of thousands of dollars in a real estate deal, you should take as much care to protect your investment as possible. At Blackwell, Vishio & Fisher, we are dedicated to helping each and every client with his or her specific needs. If you tell us what you are hoping to get out of your transaction, we can help you negotiate a price, financing, and documentation to protect you and your family for years to come. We can explain your options in a way that makes sense, allowing you to feel secure and well-informed about every choice you make. Click the contact link on this page to set up your consultation today.