In any real estate transaction, there’s a lot at stake. Real estate purchases are a big investment and carry a high risk factor. A real estate attorney can ensure your best interests are represented, whether you’re a buyer or seller, during your real estate transaction. Here are five questions you should ask them.
1) Are you a real real estate attorney?
Ask your real estate attorney if they’ve specifically studied real estate law and how many years they have been practicing in this arena. Attorneys may be experienced trial lawyers but without real estate knowledge, may not be the right attorney for you. Attorneys who specialize in real estate are kept abreast of any recent changes in real estate law. Also, because they are fully briefed in this complicated area of law, they can assist you in the areas of contract disputes, mechanic’s liens, construction defects, realtor commission disputes, residential and commercial transactions and more.
2) As a business owner, how can you help me protect my business?
For business owners and investors, real estate attorneys are essential in deciphering mortgage agreements or leases. Additionally, a real estate attorney knows and understands the liabilities associated with real estate investing. Having an experienced real estate attorney on your team will help ensure that your business is protected. Here are some things you should consider when deciding whether or not to work with a real estate attorney during your next real estate transaction:
They have a strong handle on the local area including local laws and regulations
If there are boundary disputes or survey issues, your real estate attorney can work directly with a realtor
During the selling and closing process, a real estate attorney can help handle the title work for the property in question
If you’re interested in investing in commercial real estate but this is a new venture for you, real estate attorneys will prove especially helpful and knowledgeable when acquiring new properties or managing existing ones
If you’re working on a fixer-upper, a real estate attorney can help you form an agreement between you and your contractors to protect you and your property throughout the process
They ensure your business is not open to any liabilities by premediating any legal issues, saving you time and money in the long run
3) Have you worked a case like mine before?
An important question to ask your real estate attorney is whether or not they have worked a case like yours before. Although each case is different, familiarity with related cases is important
4) Will you be working on my case or will someone else?
When initially vetting a real estate attorney, or any attorney for that matter, it’s important to do your own due diligence by researching them online, seeking out reviews and then calling them personally. Once you’re confident you’ve selected the right firm, be sure to ask if the attorney you’ve initially been corresponding with is going to be the one working on your case. If not, be sure to speak with that person directly before beginning the work.
5) Have you worked with real estate investors in the past?
Because real estate investment deals are different than traditional purchases, they can also be time-consuming and somewhat challenging. From short sales to foreclosures, your attorney should know the role of investors to keep your best interests, and money, in mind.
If you’re looking for trusted real estate attorneys, contact the Cardillo Keith Bonaquist. The firm has provided legal advice, including real estate and title law, for Southwest Floridians for over 45 years. Founded in 1975, Cardillo Keith Bonaquist is the longest continuously serving legal partnership in the greater Naples area. For more information, contact Cardillo Keith Bonaquist today by calling 239-774-2229 or visit ckblaw.com.