David Saks: Just How Important Is An Experienced Real Estate Attorney to You ?

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Just How Important Is An Experienced Real Estate Attorney to You ?

 

attorney

 

If you use a criminal lawyer to review your real estate documents are you getting every aspect of professionalism that you're entitled to?

 

This is not to say that some criminal lawyers can't help us with matters concerning our respective brokerages, but an attorney who specializes in real estate matters makes the real estate profession a serious part of his or her legal practice.

 

These attorneys don't make real estate judgements as to whether or not your client should or should not purchase a property, but they are your best source when it comes to reviewing the substance and details of a contract and all of the complexities that lie within.

 

If you ask an attorney, one on retainer, whether or not you should buy a property they're going to tell you that they can't answer that question.

 

If you take your attorney's advice and subsequently lose money on the deal the attorney knows that you can sue because of the bad advice.

 

An attorney's not in business to make your deals for you.

 

Just review the legality of the deal in progress.

 

I believe that you should retain your attorney for legal purposes, not for making your decision to purchase or sell.

 

As a real estate professional, you should get together with an attorney that specializes in real estate.

 

I believe that you'll be glad that you've found a pro who shares your interests.

 

-David- 




David Saks



Time&Temp Memphis

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Comment balloon 8 commentsDavid Saks • February 19 2013 07:49AM

Comments

David  I could not agree with you more .In this matter I agree 100% . You need an attorney who specializes .Just as as you would need a DR who does ,

Posted by Hannah Williams, Expertise NE Philadelphia & Bucks 215-953-8818 (Re/Max Eastern inc.) over 6 years ago

David, using an attorney for decisions about whether to buy or sell makes about as much sense as using an eye surgeon to advise you on torn knee ligaments.  There are better sources of knowledge.

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) over 6 years ago

David, I so agree with you.  However, I must tell you that I am a Realtor and an Attorney (33 yrs).  I cannot act as a Realtor and an Attorney, as that is unethical.  But, I do handle residential real estate matters as an Attoeney.

Posted by Pat & Steve Pribisko (Keller Williams Greater Cleveland West) over 6 years ago

I've always been hard pressed to ask my veterinarian to review any closing documents, Hannah :-)

Posted by David Saks ((retired)) over 6 years ago

A psychologist might be ok in the case of a home inspection if the buyer believes the house is haunted, Karen :-)

Posted by David Saks ((retired)) over 6 years ago

Your skills and experience are deserving of the highest esteem and appreciation by your colleagues, Pat.

Posted by David Saks ((retired)) over 6 years ago

David~ We have a real estate attorney that we use when we come across some questionable issues with our real estate transactions. Of course, we also recommend our clients confer with a real estate and/or tax attorney regarding their purchase or sale.

Posted by Donna Foerster, Metro Denver Real Estate Agent (HomeSmart Realty Group) about 6 years ago

Fine recommendations, Donna.

Posted by David Saks ((retired)) about 6 years ago

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