So you're buying a new home, or getting into real estate and you want to make sure you find a very good real estate attorney
. Here are some items to consider and places to look.
Ask for a suggestion from a close friend, someone that you rely on and is good with profits. Your drinking buddy may be entertaining, but when it comes to buying or selling real estate, you want experienced real estate attorney.
If you can't get a referral there are some things to look for when hiring a real estate lawyer you should think about.
Real estate law is area specific and there are tricks to the trade so you don't want just any attorney. You want one that is actively participating in the market you are interested in on a regular basis. Question them on how many deals they made recently and how much experience they have in your area.
Additional things to look for are someone that is good with technology, easy to get on the phone, and available to explain the contract to you. His job is to review any offer you make or receive, and to make sure that your rights are protected and your duties clearly defined.
Although some legal forms used in real estate are the same, binder or purchase and sale agreement forms deviate from state to state. Several title insurance companies and mortgage lenders insist that you use a real estate lawyer to make certain that among other things the title is good; there are no liens against the property; and that the deal will close as assumed.
Expense for real estate attorneys contrast based on their experience and skills. Be sure to talk about fees up front so you can compare cost as well.