Real Estate Transactions
Real estate transactions are complex matters often involving multiple parties and numerous issues beyond the property description and the sale price. While the parties to commercial transactions are typically sophisticated, those buying and selling residential property often have little experience despite the significance of the event. Besides the parties themselves, participants in real estate deals include realtors, lenders, title companies, home inspectors and surveyors, among others. Although realtors may be helpful to the buyer or seller, they are seldom in a position to represent either side’s legal interests – that is the role of a real estate attorney. Realtors also have a financial investment in the transaction inasmuch as their commissions are based upon the sale price. Sound and timely advice from counsel knowledgeable about matters including contract terms, title issues and inspection/disclosure questions can minimize problems, for both commercial and residential transactions.