August 2018

Commercial Real Estate Attorney | Bukowski Law Firm | Austin, TX

Top Reasons You Benefit from a Lawyer During Closing and Escrow

The final stage of purchasing a commercial or residential property – the home stretch, if you will – is the closing and escrow process. That’s when the deal is complete, and the property is officially yours.

However, lots of work and legal preparation needs to take place before you receive the keys to your new property. Loan funding, inspections, appraisals, title clearance, and insurance coverage are just a few of the many parts that need finalizing before the official closing can happen.

Acquiring real estate is a major investment, and you want to be sure that all of the contractual details about the acquisition are consistent with the agreed upon terms. That’s why you want to be sure you are utilizing a law firm specializing in real estate closing in Austin, TX, to protect your investment and guarantee that you are entering into the contract under the terms that benefit you.

Safeguard your property transactions by leaving the legal work to the Bukowski Law Firm. We specialize in closing and escrow for commercial and residential properties. We’ll represent your interests and protect you throughout the entire property transaction process. Inquire more about our commercial real estate services by dialing (512) 614-0335 to schedule a consultation at a time that’s convenient for you.

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Code Next Finished

The long, arduous Austin process known as CodeNext has come to an end. On August 9, the City Council voted to end the CodeNext process. This came after a surprising declaration by Mayor Steve Adler on DATE that he saw no path forward for CodeNext and recommended that the Council vote to discontinue the process.

As you probably know, CodeNext was a process developed by the City of Austin to revamp its broken Land Development Code. It was a priority coming out of Imagine Austin and began in DATE as a way to implement the ideas of Imagine Austin.

The process was supposed to be a collaboration between Austin’s residents, business community, and civic institutions to align Austin’s land use standards and regulations with what is important to the community. Unfortunately, as a result of political clashing and differing viewpoints, the project stalled and nothing significant was accomplished. In the end, after all of the fighting and arguing, the City Council decided to pull the plug.

There is no doubt that Austin’s Land Development Code needs a major overhaul. Any developer that has had to deal with zoning and code issues and neighborhood groups setting up roadblocks to growth, knows this. It is, therefore, necessary that Austin again begin its redevelopment of the Code. And doing so while promoting the goals of Imagine Austin is an excellent start.

The changes that the Code needs, however, are significant. Because of this, regardless of how arduous a process it is, the Code needs to be completely revamped. One of the problems with the CodeNext process was that they tried to merely edit and amend the current Code. Unfortunately, that’s just not reasonable with the number of changes that are needed. We, therefore, hope that the City will work on a completely new Code that will help set up Austin for the future growth that we all know is coming.

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