Buying a home isn’t a simple process, nor one you go through often. The purchase of a property is also a legal transfer from one entity to another. Unless you are a specialist in real estate or law, understanding the legal side of the transaction can be overwhelming. This is where a real estate lawyer comes in.
Why hiring a real estate lawyer is important
Whether you are selling or buying property, hiring a real estate attorney will guarantee your interests are protected. With their help, you will get a sense of clarity that everything has been taken care of. A real estate lawyer will read your documents and explain everything you need to know.
At first glance, you may be hesitant about the upfront fees of hiring a professional, but know that the possible financial impact of things going wrong is incomparable. Buying a home is one of the most significant investments in your life, so you should have someone to review all documentation and handle all the negotiations. Your real estate lawyer may have questions that might not even cross your mind.
But how can you choose a professional for your needs? Here are five questions you should ask to determine whether they are the right fit for you.
Questions to ask your potential real estate lawyer
- What kind of experience do you have?
Before hiring a real estate lawyer, you should know their previous work experience. Look for a professional that has worked on many real estate cases and is up to date with the latest industry news and laws.
- What are your qualifications?
Most lawyers focus on one or two specific practices. Hiring an excellent trial lawyer won’t do you any good if they don’t have experience in real estate. Don’t be shy to ask this question to a potential real estate lawyer. Those who are professionals won’t have any problem answering it.
- Who will be working on my case?
The person in front of you during your first consultation won’t necessarily be the one working on your case. It is standard practice to sometimes pass some of the work to associates or paralegals with a lower hourly rate. If the same attorney isn’t handling your case, you should meet the people who will.
Remember that a considerable part of working with a lawyer is good communication. You should feel comfortable with whoever is handling your case.
- How many cases are you working on?
For two reasons, finding out how many clients your potential real estate lawyer has is essential. Firstly – it showcases their demand, which, of course, correlates with their expertise. Secondly, you should know whether the lawyer isn’t too busy to offer support and focus on your case. If your chosen attorney is particularly busy, it is wise to check for reviews online.
- How much do you charge?
When choosing a real estate lawyer, you must decide upon a budget that seems comfortable. Legal services aren’t inexpensive, so you must inquire about potential fees and hidden costs you should expect.
Our team at Mikhailitchenko Law Firm features experienced real estate lawyers who will ensure your real estate transaction is as smooth and effortless as possible. Reach out to us here.