When it comes to a real estate attorney, this is a professional who works to protect both individuals and companies from all kinds of financial issues in terms of buying or selling property. Many homebuyers tend to rely on a realtor to ensure all of the various legal details of a contract are handled by a reliable attorney; however, business owners should always take the time to carefully choose an experienced commercial real estate attorney when purchasing or selling commercial buildings, resolving zoning issues, and so much more.
Here are four reasons to consider hiring a commercial real estate attorney.
*First and foremost, perhaps one of the best reasons to hire a commercial real estate attorney is to ensure the deal is legitimate. In the event that you’re considering purchasing a piece of property, but you’re concerned that the price is too unbelievable, an experienced commercial real estate attorney can work to conduct an investigation on your behalf. For instance, an office building with an affordable price can appear to be a great deal; however, what happens if it ends up having approximately $100,000 worth of tax debt? This is where an experienced attorney can come in handy, as they can check for issues such as liens, as well as help you avoid making a bad decision.
*Another reason to consider hiring a commercial real estate attorney is to make sure that you get the best price. Due to the fact that everything is up for negotiation, a contract can be rather long and extensive. A commercial real estate attorney is a professional who never makes commission on a deal as opposed to a realtor. Your attorney is someone who works for you and will also offer advice that will result in you saving money.
*One other reason to consider hiring a commercial real estate attorney is to help protect all of your interests. If you’re considering purchasing a commercial building for your company, then hiring an attorney is the one step that will help to protect your interests by ensuring that the contract itself is fair. Furthermore, you will also be protected from any and all potential issues by negotiating all of the procedures that could take place if the deal were to fall through or if any environmental or structural issues were to come up after the closing.
*Another great reason to consider hiring a commercial real estate attorney is to save time. Being a business owner means that you more than likely don’t have a great deal of free time to help figure out all of the legalities that are involved with either buying or selling commercial property, nor do you likely want to. This is why it makes perfect sense to hire a commercial real estate attorney who will be able to perform due diligence, as well as ask all of the right questions, objectively look at all of the facts, and take on every one of your worries so that you will be able to effectively focus on your business.