5 Questions to Ask Your Real Estate Lawyer

Do you need a real estate lawyer? When dealing with real estate, whether selling or purchasing a house or land, not only does the real estate lawyer know the entire steps involved in a process but offers the right piece of advice and steers you in the right direction to accomplish the objectives. Before you know what questions to ask a real estate lawyer, it is necessary to know what they do.

Role of the real estate lawyer

Law practitioners in real estate play a prime role in drafting documents. They prepare leases, rental agreements, deeds of conveyance transactions, drafts of purchase contracts, and financial agreements. Only licensed real estate lawyers know how to draft and revise documents. Typically, these legal professionals:

1. Negotiate transactions

They have the experience and background needed to accomplish real estate transactions, and clients often ask them to negotiate the terms and conditions of real estate deals before working with other professionals.

2. Review the sales transactions

Apart from negotiating property deals, they also review and provide advice related to commercial and residential real estate. The clients may negotiate the deal, and sign the contract but ask the real estate lawyer Kelowna to complete the due diligence process.

3. Litigation process

When transactions fail to work out between both parties, litigation is usually the result. Under such opposing circumstances, law professionals need to intervene and represent their clients in the litigation process. The lawyer drafts the legal pleadings to be filed, participates in the court hearings and the trial process, and also files appeals if necessary. They also try to negotiate with the opposing counsel and work out settlement agreements.

Questions to ask a real estate lawyer

Whether you are purchasing a home, or investing in commercial or residential property developments and need a legal professional to review the entire process, it is necessary to know what questions to ask the professional. Here are a few questions you need to ask the professional.

1. Number of years of practice

In certain situations, you might work with an attorney with limited experience or call a junior partner or an associate with limited experience. Relying on a less experienced lawyer may indeed mean low fees. However, it does not hold well for complex or out-of-the-ordinary transactions. For such cases, you need a Kelowna real estate lawyer with adequate experience who has conducted several deals similar to yours. The knowledge and skills of a law professional come to help when dealing with complex transactions.

2. Do you have a similar experience?

If your property transaction is straightforward, most lawyers are expected to give a nod to this. On the other hand, you need to find out whether the legal professional you are planning to hire has an experience in similar matters. They can summarise a couple of issues that may have attained success. The track record of the law professional goes a long way in defining the skills of the professional.

3. Mode of communication

What should be your communication with the real estate lawyer BC? Try looking for telephone calls, text messages, and emails that are used in the legal industry, and let the professional know if you prefer other types of communication. The lawyer needs to explain how efficient is information sharing in case of complex transactions.

4. How much of their work is dedicated to real estate?

Several lawyers specialize in real estate but many of the cases fall under family and criminal law. Therefore, you need to ask the professional about the percentage of cases that are related to real estate issues. Try to find out whether your lawyer is the only professional working on the case. Often, big lawyers with loads of reputations hire paralegals to resolve the cases. This will ensure that you have got someone you can rely on for the case.

5. Challenges that will appear in the case

Complexities in real estate deals may mean anything can go wrong in property transactions. You need to ask the law practitioner about the potential challenges that may arise in the case and figure out whether the professional has experience in hiring a lawyer with common real estate issues. You can choose someone who won’t get stuck when closing the real estate transaction. During real estate transactions, buyers and sellers need to ensure that the property dealing is in good shape. Peter Borszcz specializes in BC real estate law and is a real estate lawyer Kelowna ensuring that your property transaction is drafted properly and the title search is accurate. No matter how complicated your matter is, he will provide sound legal advice for assistance.