Real Estate

The purchase or sale of residential real estate and the lease, purchase or sale of investment property is usually one of the most important investment and personal decisions of individuals, families and businesses. Many times, the decisions surrounding real estate transfers are crucial to the financial and personal well-being of the parties involved. Real estate brokers, mortgage brokers, and others associated with the transaction have substantial income to be derived from the transaction in the form of commissions and other compensation and this may influence their advice to the client. By contrast, an attorney’s compensation for a real estate transaction is usually modest and is not contingent upon any particular transaction being completed. In addition, the skilled real estate attorney, by virtue of his or her education and experience, has knowledge that cannot be matched by other real estate professionals, such as brokers and sales associates. An independent attorney has undivided loyalty to the client and the client’s interest in a transaction. Before signing any document or making any statement in real estate transaction, you should consult a skilled real estate attorney as to the consequences of your action. Urban & Burt has skilled real estate attorneys that will advise you regarding your transaction.

Clients should always consult with an experienced Real Estate Attorney before signing any contract, even if the broker or other side says that your lawyer can review it and make changes. Often those attorney revisions provided for in the contract do not affect critical items which we may want to change.