How to choose a Real Estate Lawyer

How to choose a Real Estate Lawyer


– Welcome to The Closers After Dark. Just kidding, it’s still The
Closers Daily episode 66. We’re just at the office super late. So got a question today
about what can happen if a firm deal doesn’t close. So a lot of buyers are putting
contracts on properties without going through their due diligence. Say I list a property for
$450, accept an offer $475, but they can’t provide funds on closing, and then the lawyers
just can’t get it done, and the buyers can’t get it done. You would be able to go after them and sue them for damages but you have to prove enough
damages to make it worthwhile. So say you sold it again
on market for $490, well you made a profit so
have a really hard time proving damages but say
you sold it for $450 and then you leased the
property based on that sale and a whole bunch of other stuff then you might have a
little bit more recourse. At the end of the day, make sure you’re using a
real estate specific lawyer. That’s a legal question
not a real estate question. We are not lawyers, we are not representing. We know what we are
doing in a legal capacity but just telling you what
we have seen out there. One thing is if Uncle Jimmy
does a whole bunch of law but he’s not real estate specific, I’d say go and find yourself
a good real estate lawyer. We have a couple we use. Feel free to reach out and
we’ll connect you guys. Take care.

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