I received a call today from a local consultant, who is doing some business consulting for one of the local North Carolina real estate attorneys that I use on a regular basis.

(Here in NC, we don't close with title companies or escrow houses, we still close with attorneys-one of the main reasons our closing costs here are some of the lowest in the country.  And unlike some of our lovely states up north, one attorney handles the closing for buyer/seller/lender.)

It's fairly simple, in my opinion.

Justice scalesFirst and foremost, I use attorneys who are on top of their game.  They know the ins and outs of North Carolina real estate law.  They know our local customs.  They know surveyors, appraisers, lenders, folks at the courthouse, etc.  They're familiar with changes in our state contract paperwork. 

Another part of this factor is their accessibility.  Do they return phone calls in a timely manner?  Are they willing to be contacted after 'normal' business hours (not in an abusive way of course-but there are times when Realtors need someone who can help by answering a question after 5pm)?

In a very close second place is the quality of their staff-specifically, the paralegalsThis is where my assistant has a lot of sway in where we schedule our closings.  If the paralegals are rude to her, don't return phone calls in a timely manner, or lose what's already been faxed to them, then we avoid those law offices.  It's critical in any business that your front-line people be courteous and detail-oriented.  Especially in something as big as real estate.  I'm constantly amazed at the paralegals who are snotty when we call to schedule a closing, who get angry when we call them for information, who lose information sheets, who get irritated when we want a HUD-1 prior to closing (gasp!).  And then these attorneys wonder why we don't schedule there on a regular basis...

The attorney who had retained this consultant is a good business associate of mine-it's always a pleasure to have a closing in his office.  And I let him know when something goes awry with his staff.  Because if I don't tell him what's going on, he won't know, and can't correct the issue.

I'm not going to ramble on about how this applies to real estate teams, lenders, etc-we all know how critical customer service is in today's real estate environment.  But if you take something away here, that's great. 

And of course, if you're curious about how the real estate transaction process goes in Charlotte NC, you know who to call!  Leigh Brown, of course. =)

 
This post has been included in North Carolina Information

12 Comments on What Do Realtors Look For In An Attorney?

SEP
24
2007
210,997 Points 1 Featured Post Localism Sponsor Outside Blog
Leigh,   Might be interesting to compare your system of closing with an attorney and other states where a title company is used.
1:27pm • #1
130,028 Points Outside Blog
I agree, you must know who is one your team and get you to closing with the least amount of hicups out there.
1:27pm • #2
186,140 Points 28 Featured Posts Outside Blog

Bill-I see it at least once or twice a month, in dealing with relocating folks who are closing back to back.  Invariably they heave a sigh of relief at how much easier it is here and how nice it is for closings to go off on schedule (that is, if the lender gets the package there, but that's another discussion altogether)

Susan-gotta have that good list and that bad list, don't you?  I know I do!!

1:32pm • #3
573,576 Points 95 Featured Posts Localism Sponsor Outside Blog Hit Router
Leigh, I went to a Craig Proctor seminar a few years back in Canada, and he told us the same thing. As soon as they get a contract they turn it over to attorneys. Sounds like a great idea to me. Let them follow all the contingencies and we're off to more deals. I understand that's not what you're saying about N.C. but I think this is a great idea.
3:06pm • #4
149,491 Points 54 Featured Posts Localism Sponsor Outside Blog Hit Router

We also use attorneys in my part of Connecticut and it is a pleasure.  If there is a problem, I can turn it over to the closing attorneys and let them handle it.  I  recommend attorneys who only practice real estate.  I don't want someone who litigates or handles divorces in their spare time.  Our area has a local "bank bar" committee who meet once a month to discuss real estate matters.  If we (the agents) have a concern about a particular situation that keeps occuring we can have them bring it up for discussion.  They also have members who serve on some of our committees and work on our forms committee, education committee, etc.

4:45pm • #5
3 Featured Posts Outside Blog Hit Router

Leigh,

Oh boy...the stories we could tell about attorneys.  I won't start, except for a few items.  Why is it that the lender never gets the package to the attorney on time?  Why is it that the HUD statement NEVER   is on time?  And my biggest pet peeve is why don't attorneys handle the details instead of using assistance?  I guess I should be thankful we don't have an attorneys review clause, boy would that ever muck-up the process.  Sounds like I could do without them uh?

Dick Beals

 

5:54pm • #6
186,140 Points 28 Featured Posts Outside Blog

What the heck is wrong with AR?  I've been losing comments all day.  Anyhoo-

Missy-I could hug my attorneys when I see what happens on the other end in certain states (like CA).

Linda-I'm with you. I've added info to my listings that we expect closing with a licensed NC real estate attorney-no title companies and no part-timers. Saves a lot of headaches.

Dick-you just need the good and bad list!  I pitch a flaring fit if a buyer agent tries to schedule with one of the snakes on my bad list. It's part of my fiduciary responsibility to know the difference.

6:07pm • #7
469,395 Points 54 Featured Posts Outside Blog

Leigh I did not realize that your closing process was different then ours since we are also an Attorney State, but here the Buyers and Sellers are represented by different Attorney's.

I refer my business to Attorney's for much of the same reasons as you.  It is especially important to me to do business with an Attorney who has exceptional paralegals, because they are the ones that both me and my Borrowers have the most contact with during the loan process.  I have one favorite Attorney and he gets a lot of business from me, he and his paralegals have my complete trust. 

8:57pm • #8
105,775 Points 10 Featured Posts Outside Blog
Leigh, what a great post and full of information!  We use escrow companies in California.  It's always interesting to read about the process in other states.
10:48pm • #9
SEP
25
2007
252,999 Points 7 Featured Posts Outside Blog

I really like a local attorney who has great paralegals, who are easy to talk to, and who get the HUD right the first time.  I also like how they push me for information.

He also has a great personal touch at the closing table. 

He gives the best explanations to my clients regarding each flake in the blizzard of paperwork they are signing, and takes the time to answer questions thoroughly, in plain English.

5:39am • #10
423,746 Points 81 Featured Posts Localism Sponsor Outside Blog Hit Router
Leigh, I don't know how using attorneys keeps closing costs down, since their billable hours are so high compared to a trained settlement officer working under an attorney.  Our settlement/title companies are usually divisions of a law practice, and they function as disinterested 3rd parties who represent no one in the transaction - they simply facilitate the closing by handling all the required paperwork including title insurance, after conducting a title exam.  The title exam and settlement are the least expensive aspects of any settlement.  Local and state government and lenders are the true closing expenses in Maryland.
8:07am • #11
186,140 Points 28 Featured Posts Outside Blog
Margaret-a lot of the savings comes in the form of the rates that our closing attorneys negotiate on title insurance.  When the title companies aren't in charge of closing, the rates are waaaaay lower.  Also, I have a lot of concerns about liability when closings occur with title or settlement companies.  Having an attorney on staff isn't the same thing as having one attend the closing and look over the files with buyers and sellers.  They may be disinterested-but the junk fees that they charge around here are higher than the one attorney fee charged.  I don't know about you, but I don't want disinterested in a real estate transaction-I want a diligent party looking over things.  Thanks for your input.
8:32am • #12

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Leigh Brown Charlotte NC Broker/Owner

Charlotte, NC

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RE/MAX Signature Properties

Address: 7752 Gateway Lane, Suite 200, Concord, NC, 28027

Office Phone: (704) 688-5005

Cell Phone: (704) 507-5500

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