Should I Have An Attorney?

An attorney is not required to complete a Boulder real estate transaction in Colorado. However, if you are not familiar with real estate transactions or do not have a complete understanding of all the paperwork involved when buying or selling a house you may need to consult with a lawyer. ONLY a lawyer can give you legal advice. NOT a lender, title company or even me as your Boulder Realtor. This document is intended to assist you in the Boulder real estate buying process, in assessing the need for an attorney, and to foster the REALTOR-Lawyer roles and relationships.

When making the decision on whether or not to consult an attorney as you get into the investment process, remember the advice printed on the standard and approved real estate contracts in Colorado:“This is a Legal Instrument. If not understood, legal, tax or other Counsel should be consulted before signing.”

How Much Will An Attorney Cost?

There are no set fee schedules for attorneys, and individual attorneys charge different fees for different services. Before you hire an attorney you should have the attorney explain in detail what fees you can expect. If you decide to use an attorney you may also wish to discuss limiting the attorney’s involvement in the transaction to only reviewing the contract or reviewing the closing documents if you desire to conserve your money and still have legal representation. That’s the best advice that I can give you as your Boulder Realtor.

What If I Don’t Already Know An Attorney?

If you don’t have an attorney, there are many ways to find a good attorney. You can ask your friends, such as your associates at your job, ask your Boulder REALTOR, or consult with the lawyer referral service of the Colorado Bar Association http://www.cobar.org/ 303-860-1115.

Here’s the name of one of the best Boulder real estate attorneys I know:

Oliver Frascona
Frascona, Joiner, Goodman and Greenstein, P.C.
4750 Table Mesa Drive
Boulder, CO 80305
303-494-3000
oliver@frascona.com

Communication

Clear communication between all parties and their representatives is the key to a trouble-free transaction. Complete sharing of all information and pertinent documents will help your Boulder REALTOR and lawyer do a better job for you and help you avoid later disputes in your Boulder real estate investment.


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