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Steve’s Background:

  • 20 years in real estate law across commercial, residential, and bankruptcy law.
  • Owns a boutique law firm Wallace Law Group which concentrates in real estate law, bankruptcy law, and corporate law.
  • He’s licensed to practice in New York, Florida, and Texas

In this episode we cover:

  • 00:02:18 When to involve an attorney on a deal
  • 00:03:38 How much time is preferred to close
  • 00:05:54 No budge items when talking closing terms
  • 00:07:43 Closing the gap between buyer and seller expectations
  • 00:10:25 Getting eyes on LOI before acceptance
  • 00:11:49 Getting the ‘best bang for your buck’ from an attorney
  • 00:13:15 What Steve is seeing in transactions during COVID
  • 00:19:23 Popularity of new construction
  • 00:22:33 Getting out of a contract when unexpected things arise

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