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How much will a real estate attorney cost?

Dec 20

Asking people you know, who recently sold or bought a house, is a great place to start looking for a quality real estate attorney. You might be recommended by someone they know who had a good experience with one. You can also get referrals from friends and family who have used a real estate attorney and ask about their experience with them. 

If you're selling a residential property, the attorney's fee may range from $500 to $3,000 or more. Your real estate attorney's fee will increase depending on the complexity of the transaction. An example: If you sell a condo, your lawyer may charge a flat rate of $950. For more complex transactions, expect to pay approximately $3,000 or more. The complexity of the transaction, as well as the level of legal expertise required, will affect the cost of your investment.

If you're selling a house, you'll need a real estate attorney to help you navigate the process.  Although they can provide advice and negotiate for you, it's important to find an attorney who specializes in this type of work. You should avoid firms that offer flat rates at discounts for real estate professionals. These fees may be paid through title insurance commissions.

The complexity of a transaction may affect the hourly charge for real estate attorneys. A deed preparation lawyer can charge $500, while a full-service real estate closing attorney may cost up to $1,000 or more. But the total fee will depend on the specific role of the attorney and the size of the firm. Some real estate attorneys handle the entire closing process while others only provide advice and general transaction counsel.

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