Residential Real Estate Transactions
ESQ.title’s use of a Modern + Cloud-Based Closing Platform, which include mobile and web apps, allows you to stay updated on your closing and access all of your important documents in one place.
It's time for your real estate closing to be simple and straightforward.
Our mission is to create a Better Experience for Buying and Selling Real Estate by providing:
Save time and money while staying connected to everyone in your closing.
Protect yourself from phishing and fraud with our use of a secure, unified closing platform.
Monitor your transaction from the second the file is opened to closing, getting real-time closing progress updates and receive alerts when key closing events happen along the way.
The Real Estate Closing Experience You Deserve.Who We Are
The law offices of Alejandro E. Jordan, JD, P.A. d/b/a ESQ.title is a Miami real estate law firm founded by renowened real estate lawyer, title and closing agent, Alejandro E. Jordan, Esq.
Prior to establishing ESQ.title, Mr. Jordan gained extensive experience and peer recognition working with nationally reputable law firms, while performing hundreds of real estate closing transactions, both on commercial and residential deals in Miami-Dade, Palm Beach, and Broward County.
Alejandro believes that commercially-savvy clients should no longer be forced to pay top dollar for low-level, repetitive work that could benefit from more cost-effective outsourcing arrangements, or greater automation in a law firm.
ESQ.title understands this fact and has adapted accordingly to revolutionalize and simplify the entire real estate closing process and client experience. Through a focus on greater client communication and needs-matching, ESQ.title offers clients a team with the right skill set for the job, optimising outcomes and costs.
Another key differentiator of the ESQ.title model is doing away with the traditional billable hour, offering clients alternative pricing structures such as fixed pricing, blended rates, volume or value-based billing, or risk-reward billing. ESQ.title believes alternative fee structures offer greater certainty, value, benefits and efficiency than the traditional attorney model use of billing based on hours and volume of ‘manpower’.
We pride ourselves on being quick and providing cost-effective solutions. We understand the value of your real estate investments, and the importance of transparency. We focus on our clients’ goals, guiding them every all the way from site selection and due diligence, to drafting a letters of intent and offers, to executing the purchase and sale agreement, reviewing title and lien searches, to the real estate closing. Our Miami real estate attorneys take the time to understand your business and measure our success by achieving your objective. For each matter, whether it involves commercial or residential real estate, we are our client’s champions.Assisting investors and purchasers in Due Diligence
Due diligence is a critical step in acquiring commercial real estate. It allows the purchaser to verify that the property meets the purchaser’s investment expectations and its intended use of the property. A purchaser may conduct due diligence either:
- Before submitting an offer to purchase the real estate and during the negotiation of the purchase and sale agreement.
- After the parties sign the purchase and sale agreement during a negotiated due diligence period.
In most commercial real estate transactions, a purchaser’s due diligence directly impacts the following provisions of the purchase and sale agreement, which the parties typically heavily negotiate:
- The representations and warranties section.
- The related indemnities for a breach of representations and warranties.
Because of the relationship between due diligence and the purchase and sale agreement, the purchaser should consider several transaction-specific issues, including:
- Access to due diligence materials.
- The work product that the purchaser anticipates being produced as a result of due diligence.
- The scope of due diligence.
- At what point during contract negotiations due diligence is conducted.
There are many components to real estate-related due diligence. While this note does not provide an all-inclusive summary of a purchaser’s legal due diligence process, it does discuss several of the material areas typically reviewed by the purchaser’s counsel in the acquisition of commercial real estate, such as:
- Reviewing and considering key concerns regarding leases affecting the property.
- Reviewing contracts affecting the property that the purchaser agrees to assume by assignment at the closing.
- Analyzing title and survey issues, and ensuring that there are no material risks impacting title to the real property.
- Reviewing and confirming the permitted uses of the property and its compliance with all laws.
- Analysis of the seller’s existing loan documents and whether there are any cost saving opportunities for the purchaser in structuring the transaction with an assumption of the seller’s loan.
The scope of real estate due diligence varies from transaction to transaction depending greatly on the value of the real estate in the transaction, property type and location.
For more guidance regarding acquiring a commercial proprety and permforming due diligence prior to entering into a contract, and thereafter, during your inspection period, contact our real estate law office and speak to an experienced commercial real estate lawyer for a free consultation and evaluation.Commercial Real Estate Closings
Closing a real estate sale or acquisition involves the coordination of several different parties and the preparation, in advance of closing, of closing documents and third-party deliverables.
The real estate closing process, issues, and documents involved in closing the sale or acquisition of commercial real estate, include:
- The closing checklist.
- Organizational and authority documents.
- Documents required to transfer the property.
- Assignments and terminations.
- Third-party deliverables.
- Title and survey-related issues.
- Closing statement and funding.
- Issues relating to existing indebtedness secured by the property.
When the transaction involves the sale or acquisition of a portfolio of real estate assets located in several different jurisdictions, the parties should engage local counsel in each jurisdiction where lead counsel is not licensed.
For more guidance on commercial real estate closings, assistance in drafting purchase and sale agreements, or title and escrow services for your next transaction, feel free to contact our office for a complimentary free consultation to evaluate your specific situation.