Carr Law Firm, P.A.
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July 2016 Archives

What should you be looking for when you inspect a seller?

When you purchase real estate, you are making an investment that lasts decades. Therefore, you should always investigate the seller to ensure that you are working with someone on whom you can rely, which is called due diligence. Due diligence refers to commonsense actions that a person takes to ensure that a particular contract is worthwhile.

One-sided contracts can lead to litigation

Many business owners, through an honest desire to limit their company's liability, will include numerous provisions designed to limit their liability. The result is a one-side contract that places all of the risk on one or more parties. But this language will not prevent an injured party from seeking compensation. It will only drag out litigation and make the entire process more costly.

Real Estate Transactions: Due Diligence Investigations , Part 2

This post will continue discussing "due diligence" and what that means in a real estate transaction. The previous post examined the due diligence generally and how the method of diligence depends on your goals in the transaction. Essentially, the information you need to complete the transaction will guide your due diligence. This post will discuss the specifics of due diligence in a generic commercial real estate transaction.

Real Estate Transactions: Due Diligence Investigations , Part 1

Commercial real estate transactions are large deals that involve thousands or millions of dollars. The lifetime of these investments is measured in decades, not years. They involve enormous amounts of energy, years of projections and piles of cash. As such, every commercial real estate transaction should be approved in a diligent manner. The buzzword in these approaches is "due diligence." Due diligence refers to the investigation of the property, company and other factors that underlie a commercial real estate transaction. Due diligence ensures that a particular company and property are worth the investment.

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  • Pete Carr has represented my companies for the past several years. He has handled all of the companies litigation needs along with providing legal counsel and legal documents as needed. Pete is always extremely professional but the thing that I like the most about Pete is how responsive he is when needed.
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    Quinn Commercial, Inc and Quinn Contractors, Inc.
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    Blackmine Property Management
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    Broker-Investment Partner
    Results Real Estate Partners, LLC
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