A Real Estate Transaction in San Diego Is Legally and Financially Complex

A Real Estate Transaction in San Diego Is Legally and Financially Complex

A real estate transaction in San Diego is legally and financially complex.  It doesn’t matter if you are purchasing residential real estate or working on a commercial acquisition or development. If you are involved in a real estate transaction in San Diego, you will quickly come to realize that every aspect of the transaction has become much more complex in recent years.

Real estate contracts which used to be several pages, are now the size of a small novel.  The legal terminology and components of the purchase contract itself have become quite sophisticated.  The vast majority of realtors are not attorneys and should not be attempting to provide a buyer or seller with legal advice.  Documentation for the loan(s) is equally as extensive and frustrating to deal with.  These are some of the issues which make a real estate transaction in San Diego legally and financially complex.

It may surprise you to learn there is no standardized commercial lease in California.  From a legal point of view “The Lease is the Law.”  If it isn’t in the lease, it isn’t enforceable.  Most commercial tenants don’t realize every commercial real estate contract is different and must be reviewed by an attorney to protect your interests.

How do you know you your interests in the transaction are being protected?  What impact will the date of the closing have upon taxes and the costs associated with the transaction?  How a buyer takes ownership of the property makes a substantial difference on the taxable interests of the seller.  What is the best strategy for both parties?

A home or property inspection is not a guarantee against hidden defects or failures to disclose on the part of the seller.  How can you make sure that the transaction is completed as expediently and smoothly as possible while making sure that your own interests have been reviewed and captured within the associated contracts?

The attorneys at the Watkins Firm have handled thousands of real estate contracts and transactions over our decades of service to the San Diego real estate community.  We understand the legally detailed and intricate issues associated with substantial residential and commercial real estate transactions, and are prepared to guide you through the transaction and protect your interests.  If you are considering a real estate transaction in San Diego or the surrounding communities we invite you to review the strong recommendations of our clients and contact the Watkins Firm or call 858-535-1511 for a complimentary consultation today.