When it comes to purchasing commercial real estate, each transaction can come with its own list of complicated issues. While you may think working with a commercial realtor is enough, keep in mind an attorney is not making a commission off the deal and is instead paid to share their expertise whether you buy or not. Here are a few signs it might be time to hire a commercial real estate attorney.
It’s Not That Simple
Some real estate transactions are more complex and can greatly benefit from the review of a lawyer. The time, energy, and documentation that go into certain transactions can make it almost impossible to manage yourself. Oftentimes, deals are not simply cut and dry and can include problems with titles, disclosure, and tax concerns. Commercial real estate transactions are expensive and can result in decades of problems for the buyer if not handled correctly.
It’s Time To Negotiate
When you want the job done right, you hire a professional. This is especially so when it comes to negotiating a great deal. You need someone to pay attention to the legal details that will help you stay ahead of the other party, since it’s likely the seller will also be working with a lawyer. A real estate attorney will take on your problems and allow you to focus on other areas of your life and business.
It’s Important To Have the Right Documentation
To say there’s quite a bit of documentation when entering into a commercial real estate deal is an understatement. These types of transactions require a great amount of documentation, and hiring an experienced attorney can help protect you from future liabilities or lawsuits. Your attorney can also review and draft amendments to ensure your rights are upheld and your purchase is fair.
Are you a real estate professional looking for representation in commercial transactions? Caiaccio Law Firm’s clientele includes commercial and residential developers, sponsors, investors and lenders. Our firm’s experience in commercial real estate transactions covers property types, including multifamily, single family, retail, hotel, and office properties. We have a specific concentration in representing multifamily operators, property management firms, and commercial developers.