What Are Real Estate Attorneys For?
By OPLawSocialMedia on Real Estate
Video: What Are Real Estate Attorneys For?
FAQ’s With Roy Oppenheim
Full Transcript: Attorney Roy Oppenheim here. I want to go over some questions that we are frequently asked. One of the questions that we get asked a lot, is, “What are real estate attorneys for?” It’s a very broad question. And of course, as a real estate attorney, I could probably talk about this for hours, but I’m going to try and keep it short.
What Do Real Estate Attorneys Do?
I mean the purpose of a real estate attorney whether you’re buying or selling is to protect your rights. That’s first and foremost. It also gives you peace of mind. While the realtors in some jurisdictions are permitted to write real estate contracts. They have not necessarily gone to college, let alone law school and many states all you have to do is have a high school education. And while there are very seasoned and professional realtors out there, they’re still not attorneys.
Although on occasion you a realtor who is, in fact, an attorney, but that’s very rare. That’s not what we’re talking about here. So the purpose of an attorney is to basically help draft the contract, help negotiate the contract, and help shepherd through the entire real estate closing. Now I’m talking about for residential transaction. The commercial transactions, they get very complicated. And so I rarely have seen a commercial transaction where someone doesn’t have at least one real estate attorney involved.
But getting back to residential, typically if a problem arises, you want to have your attorney already on board as opposed to having to call friends and family or Google and try and find an attorney who’s now going to be available to help you, is going to charge you some crazy retainer. As opposed to some real estate attorney that has been involved from the beginning of the transaction.
They can advise you every step of the way. So whether you’re buying lots of real estate constantly, it becomes just part of your overhead, or if it’s your once-in-a-lifetime dream house that you’re buying, it would make sense for peace of mind to spend a few extra dollars and have that real estate attorney on board. The best realtors typically will recommend that you have an attorney. Some realtors in the past used to think that lawyers mess up deals, spoil deals, destroy deals.
And really what we’re doing is, of course, protecting you to make sure that you don’t make a mistake and then you don’t later on regret having done something. So we’re here almost like a…in addition to a title insurance policy, an insurance policy to make sure that things go right in the closing process as well as through the negotiating process and at the beginning when you’re actually, you know, preparing the contract.
So that’s what real estate attorneys do.
Oppenheim Law | Real Estate Attorneys Fort Lauderdale
2500 Weston Rd #404
Fort Lauderdale, FL 33331