Real Estate Attorneys
What does a real estate lawyer do?
Real estate lawyers deal with legal situations related to residential and commercial real estate, ranging from buying, selling, and leasing property to handling disputes and foreclosures. In some states, having a lawyer present is mandatory for certain types of real estate transactions, but even in states where an attorney is not strictly required, having legal representation is usually advisable.
A real estate attorney may:
- Negotiate the terms of a purchase or sale.
- Investigate a property for any liens, covenants, easements and other obligations.
- Review titles and recommend ways to cure any defects.
- Evaluate the terms of a mortgage and negotiate with the lender if necessary.
- Represent a buyer or seller at a closing and review the closing paperwork.
- Help secure title insurance.
- Represent landlords or tenants in rental disputes and eviction proceedings.
- Negotiate and, if necessary, litigate real estate disputes.
An experienced attorney can explain all the legal terms of a real estate transaction and advise on how to address potential problems and ensure that the agreement serves their client’s interests. Real estate is governed by local as well as state law, so attorneys are responsible for knowing the applicable statutes and regulations for their jurisdiction.
Real estate attorneys may focus their practices on particular types of property, such as agricultural, commercial, or residential, and depending on the property type they may primarily represent businesses or individuals.
How much does a real estate attorney cost?
Some real estate attorneys offer flat fees for certain relatively predictable services, such as assisting with closing. For more complex or ongoing matters, most attorneys charge an hourly fee, which may range from $150 to $350 depending on the location, the attorney’s level of experience, and the type of legal issue. Keep in mind that many real estate matters involve other types of fees that apply in addition to the attorney’s fee.
How can I choose the right real estate attorney?
Location is critical when choosing a real estate lawyer. Again, local laws can have a significant effect on real estate transactions, so it’s best to find a lawyer in the city or county where the property in question is located, not necessarily where you live.
Real estate decisions can have huge implications for your future and are difficult to unwind once made, so it’s best to involve an experienced attorney sooner than later. Get started by finding a well-regarded real estate lawyer in the area where you are buying or selling property.
