Should You Hire A Real Estate Attorney?

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Got my dream houseIt doesn’t matter whether you are buying or selling a home it is important to include a real estate attorney in your team of consultants and advisers. Your realtor can do a lot of things when it comes to advising you on market conditions and helping with finding the right home or buyer for your home and will be key during negotiations. But a real estate lawyer can help ensure that your rights are protected through every step of the buying or selling process. When dealing with the sale or purchase of something so big, expensive, and complicated like a home complex legal situations are bound to pop up and it is important to protect your self with a real estate attorney.

You are probably wondering at this point how much a real estate attorney’s fee would cost you. Well, typically their legal fees will be a bit higher if you are a buyer rather than a seller due to the fact that as a buyer’s attorney their responsibilities will be much more extensive. However, generally most fees will run you between $500 and $1,500 for a typical transaction whether you are the buyer or the seller.

Usually, a real estate attorney can easily provide you with an estimate of their costs related to an average real estate transaction but if things go wrong you can expect their fees to go way up. It is also important to understand that your real estate attorney’s role can be as limited or broad as you require.

Now not all real estate transactions are going to necessitate the use of a real estate attorney. But if you are someone who enjoys a little more security in situations like home buying and selling a real estate attorney is an outstanding addition to your team. Just remember even if you don’t close on the deal you will still owe them for their time.

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