Should you use an attorney when you buy a business property?

On Behalf of | Jan 28, 2021 | Uncategorized |

As a business owner, the decision you’re making to buy a property and home for your business is one of the most significant and costly you’ve faced. Your goal should be to find a property that is a good value and that sets your business up for success in the future.

Many business owners look for properties that are in high-traffic areas, that are linked up with the best utilities services and that are well-known by potential clients. If that is what you want, too, then you should know that those buildings and properties are likely to be in high demand.

Working with an attorney can help you get the properties you want

While your real estate attorney can assist you with things like closings and negotiating the price of the property, they are also familiar with other aspects of the transaction. They know how to protect you against problems with the property that may come up later, so you don’t end up paying for a property that was misrepresented to you.

Working with a real estate attorney is a good idea for business owners, because they will understand the state laws that may influence the property you buy. They’ll be familiar with zoning laws and local regulations and restrictions that may apply to your business. They can also help you negotiate with the seller, so you get the best possible deal and a contract that is in your best interests.

Your attorney can help you understand the sales contract you’re signing as well as any land contracts or others that you sign in relationship to the property.

Your attorney can help you with various aspects of your purchase, from gathering financing and signing purchase agreements to looking into title examinations, opinions, construction disputes and easements.

Get the right help to protect your own best interests

Whether you’re just looking to invest in your first property or you’re selling a property and growing your business, having the right information can help protect your business assets and help you make sure you’re buying a property with an excellent contract in place.