Real estate attorney for Multi-Family investing

[Anand S.]

Hi 

I am in the process of making an offer for a multi-unit property in Pittsburgh. I work through an agent and he has recommended that I use a real estate attorney to review the contract and make any additions, if necessary. I am an out of state investor and wondering if anyone can help with the following

1. Is this normal for an attorney to review or modify every time an offer is made? Don't the costs skyrocket?
2. What is the exposure that cannot be covered by standard PAR (Pennsylvania realtor paperwork)
3. How much should I expect to pay for these services?
4. Any recommendations for a real estate attorney in Pittsburgh?

Will be grateful for any help or advise here. Thank you

[Chris K.]

@Anand S.

How many units does this property have? Many folks use the Standard PAR Form for 1 to 4 units. Of all the deals I've been part of, I've seen the Commercial PAR Form get used twice. Both of the times, it was a for a tiny commercial building.  

When using a standard PAR form for 1 to 4 units, I never directly edit the form itself. I typically just add addendums at the end. In many cases, the PAR already have addendums available that are okay. 

No idea how much you would need to pay an attorney since I have no idea what the scope of work is. It would be helpful if you provided more details. That way, folks can give informed responses. 

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney. What I wrote above does not create an attorney/client relationship between us. I wrote the above for informational purposes. Do not rely on it for legal advice. Always consult with your attorney before you rely on the above information