Should I use an Attorney when Buying Real Estate?

Should I use an Attorney when Buying Real Estate?

When considering whether to buy, sell, or lease real estate, you need the help of an attorney who can guide you through the often complicated and long process. Otherwise, you could be unpleasantly surprised with some unwelcome consequences to the transaction.

Whether you are the owner and living on the property, a landlord of a residential or commercial property, a real estate property developer, or a local governmental agency, you need to ensure that all documents are correct and in order, that financial and mortgage issues are smoothed out, and that you are protected from any unforeseen problems that could wreak havoc to your finances.

An experienced attorney can help business and residential property owners or lessees prompt and professional help with all their real estate and land transactions.

One of the most important aspects to consider is conducting the necessary research to choose the proper properties for you to consider investing in. We will consult with you to determine what your needs and desires are so that you will not have to wade through properties or deal with potential buyers that are not the right fit for you or your business.

Once we help you narrow down the available properties, if you are buying the property, we can perform the due diligence to determine any property or legal defects that could affect the value of the property. Zoning and use issues will be determined. When you are ready to put in an offer, our firm can negotiate with the sellers with all pertinent information in hand to get you a fair price. Next, we will draft the sale and purchase agreements and get it ready for escrow and closing to avoid delays and problems that often come up.

If it is beneficial for you or your business, we can prepare the legal papers to structure your purchase as a specific entity, such as a limited liability or partnership owned property. After the purchase, we can continue advising you on how to handle return of capital, payouts, managerial duties, voting, and so forth to keep the investment profitable and legal.

Attorney Rex B Bushman is an experienced real estate attorney who can make your real estate sales, purchases, and leases trouble free. Contact him today for a consultation.