The Pros and Cons Of Hiring A Real Estate Lawyer

You're travelling in a foreign country and you get arrested for something that you didn't even know was against the law. The potential fine is huge, more than you earn in 10 years. Would you represent yourself in front of judges who might not even speak your language? Not if you had any sense you wouldn't. You'd probably hire a lawyer.

Let's think about that. Most people are not willing to risk 10 years salary when they're in front of the judge, yet those same people are willing to risk that same amount of money, or more, whenever they buy real estate in a foreign country.

What's the risk? There are plenty.

Not being fully aware of the laws that affect the ownership of real estate for starters. In some cases, you're not only subject to the laws of real estate ownership which affect any property owner in that country, but there may be special laws which affect only foreign owners as well as local laws which differ from jurisdiction to jurisdiction.

Perhaps you're not an expert at reading the language that the purchase and sale agreement is written in. Maybe you'll overlook terms or conditions that would be a deal-breaker if you were aware of their presence.

And then there are all of the considerations which affect any buyer whether they are a foreign national or not. Things like zoning or permitted use laws, neighborhood or condo association by-laws, environmental restrictions, tax issues, and all of the other little gremlins that can pop up and turn a great deal into a great deal of misery.

Those are the kinds of things that a Real Estate lawyer is trained to handle. It's not good enough to have your family lawyer or corporate lawyer review the deal. If you want an iron-clad real estate purchase and sales agreement which addresses all of the unique and common issues that you face as a real estate buyer in a foreign country, then you need to hire a real estate lawyer who is licensed to practice in that country. Nothing else is "good enough".

So, if the advantages of hiring a Real Estate lawyer are so obvious, what, if any are the disadvantages of using one for your foreign real estate transactions?

First, a Real Estate lawyer will add cost to the transaction because of his or her fees. While these costs are usually not excessive, they are a consideration.

If you are a seasoned buyer of real estate in a particular country then you may not need a Real Estate lawyer to guide you through the intricacies of property ownership.

Using a Real Estate lawyer may cause the deal to close at a later date due to his or her need to review and revise the purchase and sale agreement.

I'm not really sure, however, if these can be labeled as disadvantages considering the amount of money that you are about to invest in a deal where legal ramifications that pop up later could haunt you for life and drain all of the equity and more out of your foreign property.

If you find this information useful you should visit the site http://www.about-realestate.net where you will find lots of interesting articles related to this topic , all original and wrote by Dascar Daniel.

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German officials move to save Hypo Real Estate - MarketWatch

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=Tct=us/0i-0fd=Rurl=http://sify.com/finance/fullstory.php%3Fid%3D14770796cid=1254978865ei=DwPrSPmgPIGi9gTrwqCHCQusg=AFQjCNERIqULiW72cxqlI0v65AEs6L17QAimg src=http://news.google.com/news?imgefp=XJGz0D_BH_cJimgurl=im.sify.com/sifycmsimg/oct2008/Finance/14770795_European_leaders_news.jpg width=80 height=53 alt= border=1brfont size=-2Sify/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/0-0fd=Rurl=http://www.marketwatch.com/news/story/german-officials-move-save-hypo/story.aspx%3Fguid%3D%257B99F9DBD1-3CCB-4FD9-A31D-248BFE852C56%257D%26dist%3Dmsr_1cid=1254978865ei=DwPrSPmgPIGi9gTrwqCHCQusg=AFQjCNF6zZm1a5nsPJyNcu8nengBkLlqNwGerman officials move to save Hypo bReal Estate/b/abrfont size=-1font color=#6f6f6fMarketWatchnbsp;-/font nobrOct 5, 2008/nobr/fontbrfont size=-1By Polya Lesova amp; Tom Bemis, MarketWatch NEW YORK (MarketWatch) -- The German government moved Sunday night to save Hypo bReal Estate/b with a 50 billion euro b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/0-1fd=Rurl=http://www.reuters.com/article/marketsNews/idUSBAT00239320081005cid=1254978865ei=DwPrSPmgPIGi9gTrwqCHCQusg=AFQjCNEneOizjUY9fox5tQUMZSEKlaVvTgSolution found for Hypo bReal Estate/b - BaFin chief/a font size=-1 color=#6f6f6fnobrReuters/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/0-2fd=Rurl=http://www.ft.com/cms/s/0/81cb18ca-93f8-11dd-b277-0000779fd18c.htmlcid=1254978865ei=DwPrSPmgPIGi9gTrwqCHCQusg=AFQjCNHixDaZo4juDUSdxiLJADe50TWZVwGermany faces shoring up its banking system/a font size=-1 color=#6f6f6fnobrFinancial Times (subscription)/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/0-3fd=Rurl=http://afp.google.com/article/ALeqM5hCz8r5nT758KZA55Ozwyrc5s0E6gcid=1254978865ei=DwPrSPmgPIGi9gTrwqCHCQusg=AFQjCNFbIn1aA1t9cgCMiYJhdCgEV76CmQDeepening financial crisis fears rattle global markets/a font size=-1 color=#6f6f6fnobrAFP/nobr/font/fontbrfont size=-1 class=pa href=http://news.google.com/news/url?sa=Tct=us/0-4fd=Rurl=http://www.bloomberg.com/apps/news%3Fpid%3D20601068%26sid%3DaIcEL0jjSK74%26refer%3Dhomecid=1254978865ei=DwPrSPmgPIGi9gTrwqCHCQusg=AFQjCNH5tw40xHiY7Zd-aNIQgsZE3A0q8QnobrBloomberg/nobr/anbsp;- a href=http://news.google.com/news/url?sa=Tct=us/0-5fd=Rurl=http://www.businessweek.com/globalbiz/content/oct2008/gb2008106_829836.htm%3Fchan%3Dglobalbiz_europe%2Bindex%2Bpage_top%2Bstoriescid=1254978865ei=DwPrSPmgPIGi9gTrwqCHCQusg=AFQjCNEbm3wsQ5GOkmj_4D5m71_rhGEwbwnobrBusinessWeek/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1254978865hl=ennobrall 1,049 news articles/nobr/a/font/div/font/td/tr/table

German Stocks Fall Most Since January; Hypo Real Estate Slumps - Bloomberg

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=Tct=us/1i-0fd=Rurl=http://news.bbc.co.uk/2/hi/business/7653317.stmcid=1251970064ei=DwPrSPmgPIGi9gTrwqCHCQusg=AFQjCNEHo98i5e_WUO0xGmWwL2LJwcx1IQimg src=http://news.google.com/news?imgefp=FuNvMoC2FvAJimgurl=newsimg.bbc.co.uk/media/images/45079000/jpg/_45079496_bccf7161-22b0-45f7-9387-493d8faa70dc.jpg width=80 height=60 alt= border=1brfont size=-2BBC News/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/1-0fd=Rurl=http://www.bloomberg.com/apps/news%3Fpid%3D20601100%26sid%3DapMYnS6j53Zk%26refer%3Dgermanycid=1251970064ei=DwPrSPmgPIGi9gTrwqCHCQusg=AFQjCNFfVKHCIXkOKlbSPe-BFxfteu8FQgGerman Stocks Fall Most Since January; Hypo bReal Estate/b Slumps/abrfont size=-1font color=#6f6f6fBloombergnbsp;-/font nobr14 hours ago/nobr/fontbrfont size=-1Hypo bReal Estate/b, the nation#39;s second-biggest commercial- property lender, tumbled 37 percent as the government and the country#39;s banks and insurers agreed b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/1-1fd=Rurl=http://www.youtube.com/watch%3Fv%3DZz0F4-iutWccid=1251970064ei=DwPrSPmgPIGi9gTrwqCHCQusg=AFQjCNEQUsH97ZnlQu07bljnIbbXn672FQVideo: Wall St.#39;s worst week in 7 years/a font size=-1 color=#6f6f6fnobrReutersVideo/nobr/fontobject width=448 height=356param name=movie value=http://www.youtube.com/v/Zz0F4-iutWc/paramparam name=wmode value=transparent/paramembed src=http://www.youtube.com/v/Zz0F4-iutWctype=application/x-shockwave-flashwmode=transparentwidth=448height=356/embed/objectbr/fontfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/1-2fd=Rurl=http://www.marketwatch.com/news/story/hypo-real-estate-tripped-funding/story.aspx%3Fguid%3D%257B2B1A4778-8429-4E11-88E0-96FD0D888991%257D%26dist%3Dmsr_1cid=1251970064ei=DwPrSPmgPIGi9gTrwqCHCQusg=AFQjCNG79hQ3B5x4ioUkLKozIe6ff9nBzwHypo bReal Estate/b tripped by funding strategy/a font size=-1 color=#6f6f6fnobrMarketWatch/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/1-3fd=Rurl=http://www.dw-world.de/dw/article/0,2144,3692522,00.htmlcid=1251970064ei=DwPrSPmgPIGi9gTrwqCHCQusg=AFQjCNEq91_k5n1sJHM-3AI8EVXLu7ztqwGermany Rescues Hypo bReal Estate/b/a font size=-1 color=#6f6f6fnobrDeutsche Welle/nobr/font/fontbrfont size=-1 class=pa href=http://news.google.com/news/url?sa=Tct=us/1-4fd=Rurl=http://www.dailymail.co.uk/money/article-1070532/38-8bn-bail-German-property-lender-Hypo-Real-Estate.htmlcid=1251970064ei=DwPrSPmgPIGi9gTrwqCHCQusg=AFQjCNHfvY2suNwXy_fVNZAkk9Q4KuhusQnobrDaily Mail/nobr/anbsp;- a href=http://news.google.com/news/url?sa=Tct=us/1-5fd=Rurl=http://www.marketwatch.com/news/story/germany-moves-rescue-hypo-real/story.aspx%3Fguid%3D%257BD97E28E7-42B0-4DE5-B730-13B59C349C04%257D%26dist%3Dmsr_1cid=1251970064ei=DwPrSPmgPIGi9gTrwqCHCQusg=AFQjCNGUZ7ZTt1EOKxZtcijoxKVSL64-sAnobrMarketWatch/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1251970064hl=ennobrall 1,082 news articles/nobr/a/font/div/font/td/tr/table

Real estate roundup: BPA leases Vancouver space - Bizjournals.com

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/2-0fd=Rurl=http://www.bizjournals.com/portland/stories/2008/10/06/daily2.htmlcid=1254855186ei=DwPrSPmgPIGi9gTrwqCHCQusg=AFQjCNHrGzO7GAk4r3fsWQ-JUwpcF-mFoQbReal estate/b roundup: BPA leases Vancouver space/abrfont size=-1font color=#6f6f6fBizjournals.com,nbsp;NCnbsp;-/font nobr13 hours ago/nobr/fontbrfont size=-1New amp; Neville bReal Estate/b Services represented Cricket. •Foam Street Investments LLC purchased The Parkview Apartments, a 104-unit complex at 7808 NE 12th b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/2-1fd=Rurl=http://www.heraldtribune.com/article/20081006/ARTICLE/810060402/2058/NEWS%3FTitle%3DReal_estate_dealscid=1254855186ei=DwPrSPmgPIGi9gTrwqCHCQusg=AFQjCNHyi5FtS_yPumChy9DFuOZpPn01hgbReal estate/b deals/a font size=-1 color=#6f6f6fnobrSarasota Herald-Tribune/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1254855186hl=ennobrall 4 news articles/nobr/a/font/div/font/td/tr/table

Agnew Launches Translation Task Force to Help Financial, Banking ... - MarketWatch

McCombs, other Texas businessmen form new real estate venture - Bizjournals.com

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/4-0fd=Rurl=http://www.bizjournals.com/austin/stories/2008/10/06/daily13.htmlcid=1254856423ei=DwPrSPmgPIGi9gTrwqCHCQusg=AFQjCNFJVI6JHJJ8KsC-MAAT3_Gplba2vAMcCombs, other Texas businessmen form new breal estate/b venture/abrfont size=-1font color=#6f6f6fBizjournals.com,nbsp;NCnbsp;-/font nobr7 hours ago/nobr/fontbrfont size=-1A group of Texas breal estate/b and business veterans are launching a new development company. Dually based in San Diego and Austin, The Flagship Group is b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/4-1fd=Rurl=http://www.marketwatch.com/news/story/development-business-veterans-announce-flagship/story.aspx%3Fguid%3D%257B5B9D77D4-BC71-48EB-868A-CC4BD86028CF%257D%26dist%3Dhpprcid=1254856423ei=DwPrSPmgPIGi9gTrwqCHCQusg=AFQjCNH8FRN3hY3WS4l77Hqf5uveMGP1swDevelopment and Business Veterans Announce The Flagship Group/a font size=-1 color=#6f6f6fnobrMarketWatch/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1254856423hl=ennobrall 13 news articles/nobr/a/font/div/font/td/tr/table

CB Richard Ellis Realty Trust amp; Duke acquire real estate portfolio - Bizjournals.com

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/5-0fd=Rurl=http://www.bizjournals.com/dallas/stories/2008/10/06/daily9.htmlcid=1254909784ei=DwPrSPmgPIGi9gTrwqCHCQusg=AFQjCNHEloLSsB7HrotARDaL3i7trYur1gCB Richard Ellis Realty Trust amp; Duke acquire breal estate/b portfolio/abrfont size=-1font color=#6f6f6fBizjournals.com,nbsp;NCnbsp;-/font nobr8 hours ago/nobr/fontbrfont size=-1As part of a joint-venture agreement, CB Richard Ellis Realty Trust and Duke Realty Corp. have acquired four fully leased properties for $139.1 million. b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/5-1fd=Rurl=http://www.insideindianabusiness.com/newsitem.asp%3FID%3D31865cid=1254909784ei=DwPrSPmgPIGi9gTrwqCHCQusg=AFQjCNEx3M-FOsKKXyBjzzZa97oM_YndzwDuke Joint Venture Acquires Four Properties/a font size=-1 color=#6f6f6fnobrInside INdiana Business (press release)/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/5-2fd=Rurl=http://www.dallasnews.com/sharedcontent/dws/bus/industries/commrealestate/stories/100708dnbusindustrial.e85d55ca.htmlcid=1254909784ei=DwPrSPmgPIGi9gTrwqCHCQusg=AFQjCNEU75Lm7GBrxfANSeoA6dWf2QD3-ACB Richard Ellis, Duke Realty purchase 4 industrial properties/a font size=-1 color=#6f6f6fnobrDallas Morning News/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1254909784hl=ennobrall 9 news articles/nobr/a/font/div/font/td/tr/table

Real estate wrap: Rowan opens first building at technology park - Bizjournals.com

Alico Restructures Real Estate Contract, Receives $2.5 Million - MarketWatch

DWS RREEF World Real Estate amp; Tactical Strategies Fund, Inc. (DRP ... - MarketWatch

Blumberg Capital Partners Completes Two-Year Real Estate ... - International Business Times

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/9-0fd=Rurl=http://www.ibtimes.com/prnews/20081006/fl-blumberg-capital.htmcid=1254888686ei=DwPrSPmgPIGi9gTrwqCHCQusg=AFQjCNHaeQDW6O1Bng7lUa07o568FJvWigBlumberg Capital Partners Completes Two-Year bReal Estate/b b.../b/abrfont size=-1font color=#6f6f6fInternational Business Times,nbsp;NYnbsp;-/font nobr12 hours ago/nobr/fontbrfont size=-1based investment fund manager, today announced it has completed atwo-year strategy to dispose of its major commercial breal estate/b holdingsnationally, b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/9-1fd=Rurl=http://www.bizjournals.com/tampabay/stories/2008/10/06/daily10.htmlcid=1254888686ei=DwPrSPmgPIGi9gTrwqCHCQusg=AFQjCNG0NIMCshaOSZBY90TQ0_fRpl2AjgWestshore sale marks turning point in Blumberg Capital strategy/a font size=-1 color=#6f6f6fnobrBizjournals.com/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1254888686hl=ennobrall 10 news articles/nobr/a/font/div/font/td/tr/table

Real-Estate - Google News

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