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Why You Should Hire a Lawyer When Purchasing Commercial Real Estate

Posted on: May 4, 2020

The Right Team Behind You During Your Purchase

If you’re considering commercial property for your business, you’ll need a team behind you to help you make the right decisions. One of the most influential people in your life will be your commercial real estate lawyer. You’ll have a better insight into the industry and can protect yourself from future financial issues. Here are a few of the biggest benefits of hiring a commercial real estate attorney.

Protecting Your Interests

Especially if you’ve never purchased commercial real estate before, the lengthy process and the complex contracts can be overwhelming. By working with an experienced commercial real estate attorney, you’ll have a guide to help you understand what you’re signing and avoid potentially costly legal issues down the road. If any issues do arise, they can handle the situation before it turns into a court battle.

Getting a Fair Deal

Speaking of money, commercial real estate isn’t cheap. However, many people don’t realize that there is room for negotiation. Your commercial real estate attorney works for you, not on commission, meaning they will be able to help you get the best value for your money. They can help you see where negotiations may be possible in your contract and which points are more rigid.

Gaining Industry Knowledge

Commercial real estate attorneys will be familiar with the unique codes and zoning laws that will apply to you. They can go through different development options with you to make sure you’re picking the best location, and they will be particularly helpful when it comes time to sell your property. Your attorney can help you find a buyer and maximize your profit.

Saving Time

Our most valuable asset is time, and hiring a commercial real estate attorney will save you a lot of it. You can avoid countless hours of research, familiarizing yourself with a whole new industry, and help deal with legal disputes. At every step of the way, your attorney can step in to handle an issue, allowing you to focus solely on your business.

If you’re considering buying commercial real estate in South Florida, contact Mike Schecter. He has long been one of the most trusted Broward County commercial real estate attorneys and is dedicated to helping you find the ideal property for your business. Contact Schecter Law today for more information.