Steve is partner-in-charge of Taft’s Minneapolis office, and was the president and managing partner of Briggs and Morgan, P.A. until its combination with Taft on Jan. 1, 2020. Throughout his 25 years with the firm, Steve has served in a number of other leadership roles including firm chair, practice group leader and as a member of the board of directors and executive committee.
A noted practitioner in the areas of banking and finance, capital markets and real estate, Steve’s strong business acumen informs his approach to building a sustainable firm that responds nimbly and meets the needs of clients today and long into the future.(612) 977-8481
When you’re searching for a new home or commercial property, the process is both exciting and overwhelming. Minneapolis real estate attorneys minimize the pressure by playing a critical behind-the-scenes role. They review documents, analyze contract language, and provide services that protect your financial and legal rights. Your real estate transaction flows smoothly because Minneapolis real estate attorneys work to stop problems before they begin. Minneapolis Realtors often present an added complication as they usually control every aspect of a sale from listing to closing. There’s an inherent conflict in this relationship: real estate agents represent you but they also represent themselves. While realtors usually commit to getting the results you want, earning a commission is also one of their ultimate goals. Minneapolis Real estate attorneys minimize the potential for conflicts of interest by monitoring, reviewing, and analyzing every detail.
Given a typical Minneapolis real estate agent’s involvement in the buying and selling process, it’s important to have a legal representative involved. Seller’s agents recommend upgrades and pre-listing repairs to enhance a property’s marketability. They conduct market research to finalize asking prices. They market properties on real estate sites, multiple listing services, commercial publications, and social media. Realtors make all buyer contacts and they host private showings and open houses. They document all offers, and whether or not they have the right experience, they negotiate all deals. Buyer’s agents provide a similar level of service. Agents help buyers locate homes and commercial properties. They accompany them during open houses and private showings. When a buyer finds a prospective home to buy, the buyer’s and seller’s agents negotiate the deal. In some instances, a single real estate agent represents both buyer and seller.
A real estate sale is a single transaction but it involves multiple parties, documents, contracts, and legal issues. You might not consider the legal complexity as realtors usually handle all of the contacts and interactions. While you might never see or talk to an attorney, they are always in the background. Every entity with a legal or financial interest in a real estate transaction usually has an attorney interacting on its behalf. No matter how simple the wording, each real estate document is a contract. Minneapolis Real Estate Lawyers draft the language in a real estate agent’s representation contract. They decide what information to include in written offers, sales agreements, offer acceptances, and mortgage agreements. A Minneapolis real estate attorney drafts contracts on behalf of realtors, mortgage companies, sometimes a buyer or seller, and any other parties with a financial interest. Each attorney makes sure that the relevant documents represent their clients’ legal and financial interests. It’s important for you to do the same.
While you may have ultimate faith in your realtor, a real estate attorney brings a layer of protection to the process. As you enjoy the excitement of acquiring a new home or commercial property, your attorney keeps things running smoothly. A Minneapolis real estate attorney protects you by making sure each document you sign reflects your best interests.
Realtors work with commercial property owners and investors throughout the marketing and sales process. They also provide important services during their ownership. Attorneys handle tenant problems, foreclosures, and other issues that cause financial losses. As with every service, they focus on resolving issues before they become difficult to manage.
A real estate attorney provides valuable services that help buyers, sellers, and owners manage complex real estate issues. Reach out to a Minneapolis real estate attorney to schedule a consultation.