So, you’ve done all the legwork, been to the bank, spent weeks and weeks doing the back-and-forth and now you are ready to plunk down on
No matter the type of real estate transaction, the question is the same: Where do you go from here? How will you choose an attorney who can cut through the legal jargon and walk you through the closing process?
Hiring a real estate attorney is an important choice. A real estate transaction usually means that a significant amount of money is about to change hands. That can be a little
If you already have a relationship with an attorney, you can always ask if he does real estate law as well. Many lawyers have a general law practice and can handle many different types of cases, including real estate law. However, you might not want to consider an out-of-town lawyer friend. A real estate transaction is not the same as drafting a will. A will can be drafted remotely while a real estate transaction is more location-specific. It often requires knowing what is considered reasonable and customary for a particular area. Someone local is an important asset.
If you don’t already know an attorney, you can Google local options, ask your real estate agent if she has a recommendation, or ask friends for referrals. In any of these scenarios, you can schedule a consultation with a few attorneys to help narrow your decision. During the appointment, your goal will be to get a sense
During your meetings with each attorney, get a clear idea as to how much he charges and a good estimate of how much it will cost you to have him represent you. This should be clear regardless whether the attorney bills by the hour or charges a flat fee. Once you find an attorney who fits your real estate needs, hire him! As you move forward, be sure to provide your attorney with all documents related to your real estate transaction. As you do so, he will learn the ins-and-outs of your transaction and ask any necessary questions before a real estate closing occurs. If there are any problems or issues with your transaction, they can be dealt with proactively.