Since real estate deals with property in exchange for money, brokers abide by state or federal laws to make every transaction legal. It is expected that buyers will seek the representation of a lawyer throughout the purchasing process.
In this light, let this article give you ways to answer your question in a direct and technical manner.
Set a competency then create a list
First of all, you have to do a list of prospect lawyers you want to hire in your area. To pick the right lawyer among them, you have to consider many factors to look for.
- Most recommended by most real estate investors
- A member of the local REIA
- Someone on the Real Estate Committee in your local bar association
- He himself invested in Real Estate
- How long they have been in the service handling real estate transactions? (It is essential to determine the length of his/her real-life legal experience in dealing with real estate. This will boost your confidence on the lawyer’s familiarity for all transactions.)
For sure you could list at least five lawyers who possess the aforementioned qualities.
Build a connection with them
As you have your list, start to make contact with them. You can visit them in their office or in their law firm, or call them.
The purpose of doing so is to introduce yourself, to state the reason of your visit and set an appointment from their busy schedules.
As you do your interview or conversations, you will surely know who would be a good lawyer for you. You can discuss things with him like how they would handle your case or personal experiences. Find out whose lawyer you feel good about and would truly understand and address your concern.
Check their background
Make contact with character references in a law firm, bar association or friends, about their background. This would give you an idea who can be trusted and is an expert in the field. Sometimes, the lawyer referred by the majority surely is skilled in handling even a crucial case of property.
Address the lawyer’s fees
What completes your search for a lawyer to be hired is his profession and service charge. The lawyer’s fee may be charged hourly or flat fees. The fee may vary also depending on the case. It should be convenient for you to raise questions about billing and be resilient to get the answer.
Knowing their service charge or fee would allow you to do the comparison. Thus, you would finally arrive with the decision on who you will hire for.
Being a real estate agent is an exciting job. You sell the house. You get the money. Being on the top of success needs patience and dedication. Somehow, bringing a lawyer is not a legal requirement. But most buyers prefer to and rely on lawyers since the purchasing transactions can be extraordinarily complicated. Furthermore, buyers find comfort seeing lawyers digging for information about the property.