Real Estate Attorney
Started by geaelika
over 8 years ago
Posts: 5
Member since: Sep 2009
Discussion about
Many a time i have been asked why do i need an attorney and what makes one better than another if they all do the same job. Like all professionals, there are those that know their way around the laws/process better than others, have been practicing for a long time, many successful deals and clients, better at deciphering contractual information and negotiating, better at due process. And believe... [more]
Many a time i have been asked why do i need an attorney and what makes one better than another if they all do the same job. Like all professionals, there are those that know their way around the laws/process better than others, have been practicing for a long time, many successful deals and clients, better at deciphering contractual information and negotiating, better at due process. And believe it or not many attorneys use legal assistants to read thru minutes or building financials, I would say get an attorney that does their own job. Some buyers choose to work with an attorney that does malpractice or divorce law because they are a friend of friends and cutting them a deal, a major NO. You would not go to a dentist to look at your sore knee. You need a focused attorney with a good reputation. Also if you are tempted to use an Attorney from another state because of price or any other reason think twice and don't. Laws and process differ from state to state. When in Rome no point eating Thai food. If you are in need of an attorney you might find our recent blog post helpful: https://www.elikarealestate.com/find-great-nyc-real-estate-attorney/ [less]
In a transaction the RE attorney is the only person with a fiduciary responsibility (not the brokers, not the seller, not the bank etc...) -
read this article, if you have time it explains why you need a good attorney -- whoever you pick you need to chose wisely ! https://www.nestapple.com/single-post/2017/06/08/Why-you-need-a-GOOD-real-estate-lawyer
Brokers have a fiduciary duty to their clients (that's not to say all brokers even know what that means).