Tuesday, May 14, 2013

Tips to hire a real estate attorney


In the past few years, land disputes, real estate frauds and foreclosure cases have reached new heights. Obviously, everyone wants to be on the safe side from the beginning. Therefore, hiring a real estate attorney is a wise decision to avoid situations, which could result into huge losses in the future.

When the problem arises, you need someone to handle your legal issues. If you hire a real estate attorney, he can get you out of the problem. Therefore, finding the right real estate attorney is a most essential task.

A Real Estate Attorney- your helping hand

Professional advice is of great importance when it comes to real estate cases and disputes. A good real estate lawyer can be a very useful tool in case of foreclosures and property disputes. If a case involves deadlines and time limits, then an attorney could help in borrowing more time. In addition he would facilitate better communication. Thus, a real estate attorney helps avoid crisis situations and saves you from possible trouble.

It is very essential to find a good real estate attorney that will handle situations wisely. Let us have a look at some factors that you need to consider while hiring a real estate attorney.

Do your homework: You need to do thorough research before you start your quest for hiring a real estate attorney. You should never settle for the first attorney you find. Do your homework and consider a number of options. Consult and narrow down your search wisely. Think about various factors including the experience of the attorney, success rate, previous cases, etc. Compare the fee charged for the services.

Field of Expertise: You have to look for an attorney who understands mortgages, foreclosures, property and land laws, and litigation. He should be able to handle your case more efficiently. Rather than looking for a real estate attorney with experience and general knowledge in commercial cases, look for field of expertise.

Time Commitment: No matter how much you are paying for an attorney, it is essential to decide the time commitment. A real estate attorney you are planning to hire should be able to give you the necessary time and discuss the matter with you.

Business and personal Referrals – Ask your friends, neighbors and colleagues who have hired an attorney earlier and ask for their recommendations. The experience your business associates and friends have gone through will definitely help you in this regard.

Attorney Referral Services - If business and personal referrals do not work for you, you can turn to attorney referral services. A referral service that specializes in real estate attorneys can screen the attorneys on their list with experience and apt qualifications. You can also check the Bar Association in your state for referrals.

Before selecting any specific attorney, you need to ensure that the attorney has expertise in real estate. Choosing a licensed real estate broker is a smart option.  
Let us have a quick look at easy steps to hire a good real estate attorney-

  • Ask for referrals.
  • Join a local association for real estate investors.
  • Ask people around who have used the attorney’s services earlier.
  • Contact real estate agents and title companies for referrals.
  • Never pick any attorney blindly. Do thorough research and then choose a real estate attorney wisely.

Points to consider before hiring a real estate attorney –
Check out
  • The number of closings that he or she normally carries out every year.
  • Their recent odd transactions.
  • Whether a real estate attorney has done evictions, zoning board appeals, or condo conversions, etc.
  • If a real estate attorney is well versed with terms like installment land contract, wraparound mortgage, etc.

Now you clearly know how important a real estate attorney is in handling your property matters. Definitely, it will save you time when you have the right aid with you. The above mentioned tips will definitely help you look for the right lawyer that will handle all your real estate legal matters skillfully.


 © Global Realty & Investment Corp
 

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