Do I Need a Lawyer for Real Estate Transactions?
You should seek guidance from a lawyer for real estate transactions before you enter into any real estate deals. Whether you are buying, selling, or leasing residential or commercial property, real estate contracts can be complicated and can contain many provisions that affect your finances for the long-term. An experienced attorney can help to draft a contract that protects you of your interests; can advise you on financing issues; can negotiate a deal on your behalf; and can otherwise assist you in making informed choices throughout your transaction.
Curley & Rotman, LLC has extensive experience helping with real estate transactions. When you need a Conshohocken real estate attorney with a strong background in both residential and commercial real estate deals, our firm is here to assist you. We are deal-markers and we understand Pennsylvania's real estate laws so we can be effective advocates to help maximize the chances your real estate investment will be a successful one.
Why Do You Need a Lawyer for Real Estate Transactions?
According to Forbes, the purchase and upkeep of a home will consume 30 percent of a buyer's lifetime income. A home can be the single biggest asset most Americans own. However, when unwise choices are made when either purchasing or financing a home, a home can turn into a major liability rather than an asset.
Homeowners are not the only ones who must be careful when entering into a real estate transaction. When a business leases space or buys a location, the company needs to consider upfront and ongoing costs. The expenses associated with buying or leasing must be weighed in light of the location and the likelihood that the business will be able to succeed in the environment it is located. Businesses will need to carefully review lease terms to find out who is responsible for maintenance, upkeep, utilities and taxes and will need to find out if there are any restrictions on landlords renting to direct competitors.
Commercial property owners also need to ensure they make informed choices when entering into real estate transactions, as do building developers. When buying land or any commercial spaces, the property is an effective investment only if it can become profitable within a reasonable period of time. The location, ease of renting or selling, tax issues, maintenance costs, and a variety of other factors can all impact the success of a commercial real estate investment.
Homeowners, home sellers, lessors and lessees, commercial property owners, developers, and anyone else who is entering into a real estate transaction needs to consider the terms of the contract, the financing terms, and a wide variety of other issues in order to ensure that their purchase is a good one for both the long-term and the short-term. The unique issues faced by different kinds of buyers and sellers must be handled by a legal advocate with experience. Curley & Rothman, LLC attorneys have served as a lawyer for real estate transactions of all different types so we can provide the comprehensive assistance you need with all of your transactions.
How Does A Real Estate Lawyer Help You?
The specific help a real estate lawyer will provide is going to vary depending upon the transaction and whether it is a personal or business transaction. However, some of the common ways in which attorneys help with real estate deals include the following:
- Attorneys can review purchase / sales agreements and lease agreements to determine if included clauses are sufficiently protective of your legal interests.
- Attorneys can negotiate real estate agreements, bringing strong negotiating skills to the table to maximize the chances that a deal gets done and that you get the most favorable possible terms in the contract.
- Attorneys can provide assistance with landlord tenant and lease issues, including nonpayment of rents and disagreements over repairs.
- Attorneys can provide advice on real estate financing transactions and financing contracts.
- Attorneys can help you to understand tax implications of real estate transactions.
- An attorney can review paperwork before you sign and advise you on whether to enter into the transaction or seek more protective clauses or a better contract.
These are just a few of many different ways a lawyer for real estate can assist you as you enter into any type of real estate transaction.
Get Help Today from an Experienced Conshohocken Real Estate Lawyer
Whether you are a buyer, seller, leasor, or leasee and are entering into a commercial or residential transaction, Curley & Rothman, LLC is here to help you. Contact us today via phone at 610-834-8819 or online to speak with a Conshohocken lawyer for real estate who can help you.