5 Questions That Come to Mind While Hiring a Real Estate Attorney

• 2 Jun 2021
• real estate lawyers

Are you thinking of buying or selling some commercial property and need an attorney’s assistance?

Well, the best thing you can do is not shy away and reach out to a credible real estate lawyer. 

A lot of people think of saving the money they would have to spend on an attorney. But the truth be told, it is a commercial real estate attorney who can aid by navigating you through the whole process and give tips on how to avoid making mistakes as a buyer or seller.

Here are a few questions you might be searching for an answer for: 

Do you need an attorney for commercial real estate closing?

A lot of people have this notion that a buyer’s attorney is enough for representing them in a transaction. But here, the case is different— the entire process involves a few complicated and confusing steps. 

Thus, if a seller hires an attorney at the very beginning, it will help in avoiding liability from problems and protect the benefits of a seller from the sale. A New York real estate attorney can guide you for the selling or buying of commercial real estate property.

How much does it cost to hire a commercial real estate attorney?

It does take some time for offering the services you wish for. Many real estate lawyers also offer a flat fee and do not charge by the hour. Several factors determine the cost of hiring a lawyer. Lawyers with more experience and specialization in this field tend to charge high. A complex real estate deal will naturally cost more as compared to other deeds.

Do you need a lawyer to revive a contract?

There is no such legal requirement for an attorney to review the contract. But one should also keep in mind that once you have put your signature, the purchase agreement is legally binding on you. 

In any way, if you are unable to understand the real estate contract or have questions about it, or you are uncomfortable with the clauses mentioned, you can reach out to a New York real estate attorney

How can a lawyer help the seller?

An attorney helps in making your property marketable even when there are limiting chances for its sale. They can aid in selling the property when you are facing a difficult situation. 

For example, they would help when they are other owners too or sell the share which is currently on lease. It is always best to reach out to an attorney if you have any doubts regarding the sale of your commercial property.

How can a lawyer help the buyer?

A lawyer will guide you through the process when you purchase an industrial complex or any other building that is owned by a bank. They can even help you when you face any unusual problem. 

There are times when you might be interested in buying a property that is exposed to hazardous materials or conditions, so you can reach out to a New York real estate attorney to know more about how to go about it. They help in discovering the right opportunities for buying property.

At the Radow Law Group, P.C., we aspire to build open and honest relations with our clients. Our agents pay full attention to the needs of the clients which in turn helps in providing accurate legal advice. We have a unique flexible culture that helps in fostering long-lasting relationships with clients and are committed to taking care of our customer’s needs.

To know more about us, contact us now!