A person selling their dream house, a die-hard investment developer, and someone looking to flip their first home for profit all have something in common — real estate attorneys. These individuals might all know a bit about the real estate market, but real estate attorneys ultimately broker the deal.
Learning more about the work that real estate attorneys do can help you if you're planning to hire one. These tips will help you the next time you find yourself in need of a real estate lawyer.
1. Find a real estate lawyer that fits the needs you have
What kind of work can a real estate lawyer handle for you? The simple answer is that they can assist you with any sort of work that you need. They can help to research liens and title issues, draw up a purchase agreement, research the best available mortgage options, and more. When you're trying to get results from working with a real estate lawyer, always go for a professional that specializes in whichever kind of job you need.
Some real estate lawyers specialize in working for first-time homebuyers while others are dedicated to helping seasoned developers. Your focus should be to choose the office that is pragmatic in its approach and best able to navigate the deal.
2. Hire them under terms you can agree to
Before you can move forward with the work that a real estate lawyer will do for you, it's imperative that you create an agreement that is sound. With this agreement, you must detail exactly what work they're providing along with their rate. This might be a per hour rate, or they could work a flat fee. Getting this understanding as quickly as possible can help you feel at ease when dealing with a real estate lawyer.
3. Hold yourself accountable for what you know and do
At the end of the day, the final call is always yours when you're engaging in business. While you should trust your attorney's guidance, you should also strive to always understand each business detail that you're agreeing to. This is important because, ultimately, it's you that will also have to respond to any litigation that comes about as a result of the deal. Ask your lawyer as many questions as you need to and keep doing research of your own.
For more information about real estate attorney services, contact a local law office.