Most of the investors feel that hiring a real estate agent is more than enough for the job, they don’t think it necessary to hire real estate attorney. However one must know that a real estate attorney is as important as agent. Real estate deal is not a joke. It includes bundles of legal documents which have to be signed by both buyer and sellers. Just think of a situation when some point has been written wrongly and gives incorrect meaning. This is murderous. It can really be fatal.
Now the question arises who is the best and whom to hire. You cannot directly hire someone. You are required to do some research. There are various steps to check out for the best.
You can go for the opinion of your close ones who have been in the field of real estate.
You can also go for attorney referrals services. They keep record of all the lawyers. You can know the history of any lawyer. Hence you can select the best.
You can also ask your real estate relaters for best lawyer.
You can take into consideration the recommendation made by above personality.
After you have made a list of real estate lawyers, you have to take their interview. You can prepare some questions which you will ask from them. Most of the real estate lawyers do not change to answer simple question through telephone. You can ask for what they charge hourly. You can also make sure whether they would take some fixed price for the whole job.
You have to make sure before hiring that they are specialized in real estate or not.
In brief you look at following points:
- Talk to family, friends, bar association.
- Take the references of real estate broker.
- Call local realtor.
- Find the number of each real estate lawyer and take telephonic interview.
- Choose the attorney.
Real estate lawyers are very important for any real estate deal. They make it sure that none of the document is wrongly understood. They make sure that none of the step goes wrong. Buyer or seller whoever hires him is secured just by his presence. A real estate lawyer cannot be kept away from any real estate deal.
Closing a real estate deal is not one mans job. It’s a team work. A real estate lawyer is equally important. He makes sure that you are not trapped by court on any behalf. He makes sure that the deal is completed without any risk factor. He makes sure that there is no dispute between buyer and seller. He makes sure that all the team members get their percentage. He works together with the team and makes sure that all documents involved are legally correct.
