While the Coronavirus (COVID-19) was disrupting everyone’s lives, Palmer Lehman Sandberg worked to achieve a balance – continuing to take care of our clients’ legal needs, while protecting our clients, our employees, and our community (local and nationwide).

As Texas has begun to reopen, Palmer Lehman Sandberg has adjusted accordingly.

  • We are available for in-office meetings, with the following protections in place – while in our building and our office common areas (lobby, elevators, hallways, etc.), visitors must wear face coverings, and maintain social distancing (minimum 6’) as much as possible.
  • We continue telephone and video conferencing in place of face-to-face meetings, for those who prefer it.

As we continue to serve you, we wish everyone safety and good health as together we move forward through these uncertain times.

Please reach out to anyone at our firm via email or phone with any questions or concerns.

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Legal considerations regarding real estate transactions

| Feb 20, 2019 | Real Estate |

Every real estate transaction involves a significant number of legal issues. Every risk can be analyzed as either high or low probability and a high or low expected cost. For commercial transactions, nearly all legal decisions involve a high expected cost. For residential transactions, most decisions carry a relatively low penalty. The pivotal decision is knowing when to hire an attorney to protect your interests and when to rely on “your gut.”

In Dallas and cities all throughout Texas, real estate offers a great opportunities to grow wealth, provide cash flow and generate returns for investors, but those who fail to prepare accordingly may face legal issues down the road that could have been avoided altogether.

First of all, it is important to carefully evaluate the named parties (buyer or seller) before going forward with a deal. Contractual terms should be reviewed as the terms become more complicated since this can not only help prevent a dispute from arising but ensure that the transaction reflects your interests and your understanding of the deal. From titles and liens to closings and concessions, there are many other legal issues that may need to be reviewed before moving forward with a real estate transaction. 

Both commercial and residential real estate transactions can be very lucrative, especially when they are handled correctly. Some people may lack familiarity with the process or relevant legal matters that warrant further review, in which case not knowing what you don’t know deserves legal counsel. We understand that real estate transactions can pose a number of challenges, but we also know how beneficial these transactions can be. To read more information related to residential and commercial real estate transactions, visit our page on this topic.