Tips on Finding the Best Real Estate Law Firm
When you are planning to purchase a house or a commercial building, the first step is to consult a professional and find the best real estate law firm for your needs.
This is to educate you with all the legal procedures, including your rights and limitations. Hiring a real estate lawyer can give you proper legal counselling regarding your purchase of land and building.
Most realty attorneys offer services that can help you secure your rights and assist you in processing legal documents. Here are some important reminders and tips to help you find the best real estate lawyer:
Starting early is key
Once you have completely decided to buy a house or a lot, start hunting for the best real estate lawyer as well. The more time you have in hand, the more you can prepare for the unexpected.
This will also let you scout several lawyers to choose from in your town. The thing we want to avoid here is choosing a lawyer at the last minute with minimal to zero background research.
Seek advice from other people
The most convenient way to find the best real estate lawyer is through family, friends, or people you know who have recently purchased a house. Ask recommendations from them and, if possible, inquire for cost and procedural matters.
If you have a real estate agent, ask him to refer you to a reputable lawyer. As long as the realty lawyer is independent or in no relation with the agent, then it is a good suggestion.
Do not hesitate to ask them for fees charged by the attorney. You can also ask your acquaintances how well the lawyer navigated them through the entire process of the house purchase.
Search for field expertise
What we are looking for here is a professional who is an expert in the field. If you are purchasing a house, you should find residential or local property lawyers. If you are looking for commercial buildings, seek for a lawyer that handles business land properties.
You may also check online for a list of bar associations to find the the best real estate lawyer for you.
One example is the American Bar Association where you can filter and narrow down your choices into “real estate” to find the top real estate attorneys based on your location.
Do an intense background research
List a few names of lawyers that you believe are good choices. Check their websites and research their past works.
Find out more about their credentials, business styles, field of expertise, office locations, and contact numbers. Hiring a real estate lawyer may require you to pay several visits in their office, so proximity must also be considered.
Prepare for interview
You may conduct an interview with your potential lawyer through phone call or in person. Some lawyers ask for charges for the interview. Ask them about their work experience and how many closing they usually make in a year and their real estate lawyer closing costs.
Do an in-depth interview by asking if they sense a potential conflict of interest in the present deal. You should check if your lawyer is associated with the home builder you are planning to buy a house from.
Do not hesitate to ask for commercial real estate attorney fees. Do they charge by the number of hours or by days?
Some lawyers have fixed fees, while others have a different deal. Look for an attorney that will not burn your pocket.
Read articles about the lawyer
Take some time to read your lawyer’s articles, either written by the lawyer or by other people. Do you think they’re on your good side?
Check for advertisements published online or in print. Do these brochures and promotional ads reflect their work or their business style? If possible, check for real estate lawyer reviews of people who have already worked with the lawyer.
Seal the deal through writing
Once you have decided which lawyer you want to hire, read their retainer agreement or engagement letter. This contains all the services this lawyer and their firm offer. Make sure you understand them completely.
Choosing the best real estate lawyer is just as important as finding the perfect location or design of your house.
Keep in mind that you are going to work with them, so it’s important that you have a good rapport. To find a real estate attorney takes a lot of time, but it saves you from unexpected trouble in the long run.