If you are involved in real estate investment, or are thinking about it, you should be aware of these ways in which a lawyer may be able to assist you.
Even if you are fairly savvy about the market and have experience in investing, having an attorney that knows you and your situation can be a great help. You may decide to periodically schedule an appointment to review your overall business plan or get advice on how to negotiate or conduct specific transactions. Having an attorney who knows you by name and face and is able to "pick up where you last left off" in advising you in legal and business decisions can be very helpful.
A real estate/business attorney can assist you in obtaining financing, can draft documents and deeds, attend closings, negotiate and draft leases, and help you with the formation of a separate business or a real estate trust. Having an attorney who is familiar with the real estate trends and values in the area is very helpful, especially when dealing with large metropolitan areas like Houston, Texas and high growth areas like The Woodlands, Texas.
In the state of Texas, an attorney who represents the buyer from the first point of contact with the seller or seller's agent can be entitled to some percentage of the commissions earned. This is helpful information for the buyer to know, because this earned money can be used towards the buyer's legal fees for the transaction.
A skilled and connected real estate and business attorney with longstanding ties in the community will also have formed business relationships with realtors, brokers, CPAs and appraisers and will be able to work with these other professionals when appropriate.
Finding the proper attorney with the proper skills and experience will save you time and give you the information and support that you need to make good business decisions.
Bob Kalish has 26 years of experience in real estate law. Conveniently located near Interstate 45. Evening appointments and telephone consults are available.
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