Real estate is a big investment, and it’s important to have a reliable real estate attorney to help you through the process. When you purchase a property, you are investing not just in a piece of land but also in the local community and its rules and regulations. A real estate attorney can help you understand the purchase agreement, negotiate with the seller, and protect your interests in case of any problems.
Easler Law is a full-service real estate law firm representing clients in all aspects of residential and commercial real estate transactions. They have experience handling a wide range of real estate matters, including:
- Purchases and sales
- Financing
- Leases
- Land use and zoning
What Is a Real Estate Attorney?
A real estate attorney is a lawyer who represents clients in all aspects of real estate transactions, including purchases, sales, financing, and leases. Real estate attorneys are knowledgeable about the law and experienced in negotiating and drafting real estate contracts. They can help you understand the purchase agreement, negotiate with the seller, and protect your interests in case of any problems.
How Much Does a Real Estate Attorney Cost?
The cost of a real estate attorney fluctuates based on the complexity of the transaction and the attorney’s knowledge and experience. The hourly rate of the majority of real estate attorneys ranges from $150 to $350. Some real estate attorneys may charge a flat fee for basic transactions, such as purchases and sales.
When Should I Hire a Real Estate Attorney?
It’s a good idea to hire a real estate attorney as soon as you start thinking about buying or selling property. An attorney can help you understand the purchase agreement, negotiate with the seller, and protect your interests in case of any problems. In addition, if you’re planning to finance your purchase with a mortgage, your lender will require you to have a real estate attorney represent you at the closing.
6 Questions to Ask a Real Estate Attorney
1. What Type of Experience Do You Have With Real Estate Law?
Real estate transactions can be complex, so you’ll want to make sure you hire an attorney who has experience handling the type of transaction you’re undertaking. For example, if you’re buying a commercial property, you’ll want to hire an attorney who has experience with commercial real estate law.
2. What Type of Real Estate Transactions Do You Handle?
In addition to experience, you’ll also want to ensure your attorney is familiar with the type of transaction you’re undertaking. For example, if you’re buying a property that will be used as an investment, you’ll want to hire an attorney with experience with investment properties.
3. How Much Does Your Firm Charge for Real Estate Services?
Many real estate firms charge a commission for their services. This is typically a percentage of the final sale price, and the seller pays it. The commission structure can vary from firm to firm, so it’s important to ask about this before you sign a contract. Some firms may also charge additional fees for certain services, such as marketing or home staging. Be sure to ask about all fees upfront, so there are no surprises later on.
4. What Services Does Your Firm Provide?
Some real estate firms simply handle the sale of a property from start to finish. Others may only provide certain services, such as marketing or negotiations. It’s important to know what services you’re getting for your money, so be sure to ask about this before you sign a contract.
5. How Long Have You Been Practicing?
While experience is important, you’ll also want to ensure your attorney is up-to-date on the latest changes in real estate law. This can be especially important if you buy a property subject to new energy efficiency regulations or lead paint disclosure.
6. What Other Issues Do You Address?
In addition to purchasing or selling property, real estate attorneys can also help with various other issues. For example, if you’re planning to lease a property, an attorney can draft the lease agreement and help you understand your rights and responsibilities as a landlord. If you’re having problems with your mortgage lender, an attorney can help you negotiate a workout plan or modify your loan. And if you’re involved in a property dispute, an attorney can represent you in court.
No matter what type of real estate transaction you’re undertaking, it’s important to have an experienced attorney on your side. A real estate attorney can help you protect your interests and ensure the transaction goes smoothly.
How to Find a Reliable Real Estate Attorney?
Having a reliable real estate attorney by your side is essential to ensuring a smooth and successful transaction. Here are a few tips on how to find a reliable real estate attorney:
1. Get referrals from people you trust. Talk to your family, friends, and colleagues to see if they have any recommendations.
2. Do your research. Once you have a few names, take the time to read online reviews and check out each attorney’s website. You should look for past clients’ reviews and information about the attorney’s experience and education.
3. Schedule a consultation. This will allow you to meet with the attorney and get a feel for their personality and style.
4. Ask about fees. Be sure to ask about all potential costs upfront, so there are no surprises later on.
5. Get everything in writing. Once you’ve decided on an attorney, get all agreements in writing. This will protect you in the event of any problems down the road.
In Conclusion
By following these tips, you can be confident that you’ll find a reliable real estate attorney who can help make your transaction go smoothly. When it comes to something as important as buying or selling a home, it’s worth taking the time to find the right legal representation. You must work with an attorney you can trust to protect your interests and get the job done right.
