EP #21: Why Contract Review and Drafting Matters: Real Estate Attorneys vs. Title Companies

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Episode Transcript

Unknown (17:15:12):
Welcome to Goodwin law unplugged Florida real estate
and more. This podcast featurescandid insight for real estate
industry professionals from allsectors. Your host attorney
Matthew Goodwin, a nativeFloridian, an experienced real
estate attorney will provide hispersonal insight on legal
matters and feature otherprofessionals offering their

(17:15:33):
candid advice. Whether you're afirst time homebuyer, seasoned
investor or experienced realestate agent, there is something
for everyone. Thanks for joiningus on Goodwin law unplugged

Matthew Goodwin (17:15:47):
Welcome Back to Our Podcast Series where today
we'll dive into understandingwhy when navigating the maze of
real estate transactions, youmight opt for a real estate
attorney or a title company.
Today's spotlight, contractreview and drafting. Let's get
started. When it comes to anysignificant transaction,
especially in real estatecontracts are the backbone that

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binds agreements together. Whilethe title company is responsible
for ensuring clear ownership ofthe property. Experience Real
Estate Attorneys play a pivotalrole in reviewing, modifying and
drafting contracts. This processis more than just paperwork.
It's about creating a legalframework that aligns with your
unique circumstances andprotects your interests. So an

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understanding the role ofattorneys when it comes to
contract language. Contracts arefilled with complex terms and
legal jargon. Attorneys have theexpertise to decode these terms,
making sure that you understandthe implications of each clause,
tailoring to your specificneeds. One of the key benefits

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of having an attorney involvedis the customization of
contracts. They can modifystandard templates to suit your
specific needs, ensuring you'renot locked into a one size fits
all agreement. In the state ofFlorida there's a handful of
contracts use across the statethat often have irrelevant terms
or terms that are inconsistentwith the property that you're

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selling. Another reason isensuring favorable terms.
Negotiation power. That's whatit gives you. Attorneys bring a
balanced perspective tonegotiations. They advocate for
your interests while maintaininga realistic approach, helping
you secure terms that are bothfavorable and feasible.

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legal compliance This is a bigone. So Real Estate Attorneys
ensure that the contracts adhereto legal regulations and
industry standards. And this isparticularly important in real
estate because each jurisdictionmight have its own set of rules.
legally sound agreementsavoiding ambiguity. contracts

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must be unambiguous to preventpotential disputes, that one's
worth repeating. contracts mustbe unambiguous to prevent
potential disputes. Attorneysmeticulously draft and structure
contracts to minimize thechances of misrepresentation
protecting you from costly legalbattles down the road. Also,

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addressing potential issues.
Attorneys have a knack forforeseeing potential problems
and including provisions thataddress these issues. Whether
it's outlining what happens in acase of a breach, or
contingencies for unforeseenevents, they ensure that your
bases are covered most of theseboilerplate contracts, have a
section where you can add theseother terms. And the last thing

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you want to do is have a nonattorney add language there,
because what we'll often find isthe lack of having the second
half of a conditional logicstatement. So if this, then
that, but what we don't see isif not this, then this other
thing, and it's the second partthat often invites people who

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are not using an attorney todraft that language. Also
safeguarding your investment youhave peace of mind. You know,
your contracts are legally soundand tailored to your your needs,
which provides a level ofcomfort throughout the
transaction. Long term impact.

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Real estate deals can have longlasting consequences. Attorneys
ensure that your agreementswon't haunt you in the future.
This is especially crucial forrental agreements or complex
property transactions. Inconclusion, the intricate dance
of real estate transactionscontract review and drafting is

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your insurance policy. Attorneysensure your interests are
safeguarded, your terms arefavorable, and your agreements
are legally airtight. It's aproactive investment that offers
both short term peace of mindand long term security in the
dynamic realm of real estate.
So, invest in a lastingpartnership by choosing to close

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your next purchase or sale witha real estate attorney and lay
the foundation for a brighterlegally secure property future.
So your next transaction mayjust be the beginning. Thank
you.

Unknown (17:20:40):
Thanks for listening to Goodwin law unplugged. To learn
more about Goodwin law and toutilize our services, visit
Goodwin estate law.com or call239-207-3403 of Ramos Espanyol
to submit questions or be aguest on a future episode.
message us on our website or onsocial media by searching for

(17:21:02):
Goodwin law pa in Naples,Florida. This has been Goodwin
law unplugged. Thanks again forjoining us