Frequently Asked Questions About Residential And Commercial Real Estate Law
Last updated on September 13, 2024
Since 1998, the attorneys at Boon Calk Echols Coleman & Goolsby PLLC have been providing experienced guidance to clients throughout East and Northeast Texas regarding their real estate legal issues. We always aim to help our clients understand the law and the options. To that end, here are some of the questions our lawyers hear most often:
When should I hire a residential real estate lawyer?
Given that a residential real estate purchase or sale may be the most financially significant transaction of your life, you should always have an attorney involved. A lawyer can guide you through the process of buying your first home, help investigate and resolve potential issues with the property’s title (such as liens), assist with for-sale-by-owner (FSBO) properties, foreclosures, short sales, properties being sold from an estate and more.
How can a residential real estate lawyer help me during the homebuying process?
An experienced residential real estate lawyer can assist with contract review and negotiation to make sure your rights are protected, conduct or oversee a title search to ensure that the property is free from liens and other encumbrances, address property line disputes and other issues, prepare and review closing documents, verify that the transfer of ownership and funds held in escrow are properly completed at closing, among other things.
What types of transactions do commercial real estate lawyers handle?
Commercial real estate attorneys can handle the negotiations and drafts of contracts for buying, selling and renting leases for retail, office or industrial spaces. We also assist with structuring and negotiating real estate financing, including those involving private equity investments. We also handle legal matters related to land use regulations, zoning variance and government approvals.
What role does a commercial real estate lawyer play in development projects?
A lawyer can conduct title searches, negotiate terms with the seller, and assist in securing zoning approvals, variances and special use permits. They also negotiate and draft contracts with investors, contractors, architects and engineers and review financing agreements. An attorney can also ensure compliance with local, state, and federal environmental laws and generally help mitigate risks, helping navigate a smooth path from the project’s start to completion.
Let Our Dedicated Real Estate Lawyers Help You
Call Boon Calk Echols Coleman & Goolsby PLLC at 903-704-0592 or contact us online to schedule your free initial consultation. We take the confusion out of real estate law and look for pathways forward for every problem.