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HOW TO CHOOSE A REAL ESTATE ATTORNEY

By
Real Estate Agent with Keller Williams Realty

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Congratulations!  By this point you have the ideal Agent, gone through your first Open House with ease, and managed to get a few offers on the table.  Now comes the fun part; choosing the right attorney to handle the legality of the transaction.  Figuring out how to select “the best” for your needs is almost as painful as choosing the right Greeting Card.  But there is hope!  By getting an early start and asking the right questions you will navigate effortlessly through this process.    

 

 

Not Kidding, Start Early – As soon as you start looking for a new home start looking for an attorney.  Developing a relationship early in the process will ease any nerves once negotiations begin; you’ll know you have the right person representing your interests. 

Ask Around – If you have any friends or families who have recently purchased a home see if they recommend their attorney.  Otherwise go to your Agent for advice, they deal with real estate lawyers consistently and will have insight on who will best suit your needs. 

Choose The Right Specialist – Real Estate is Real Estate, right?  WRONG!  There is a huge different between a Residential Attorney and a Commercial, research wisely …   

Interviewing – Once you’ve done your homework ask for a face-to-face interview with your top three candidates (however, before committing to the interview see if you are being charged for the meeting).  Do not be afraid to ask about their stats!  How many closings do they do in a month?  How long have they been in the game?  Can they give you references?  Before you leave the interview make sure they have answered these four “must asks:”

1.)   How much do you charge for closing, and what are the additional fees? – Know exactly what you’re in store for so you can plan your financials accordingly. 

2.)   What happens if my transaction does not close? – I hate to say this, but deals fall through all the time.  Find out if you’re still charged for services and what the attorney’s protocol is. 

3.)   Who will I be dealing with?  -  I have seen clients’ care less about whom they speak with at their lawyer’s office as long as the job gets done.  I have also seen clients go off the deep end when they have only spoken to their attorney during the interview, and then again at closing.  Figure out your preference quickly and be honest with yourself because the last thing anyone involved wants is to see you start World War III over who returned your phone call. 

4.)   Will you be acting as a settlement agent? - Usually a Title Company takes care of transferring ownership, but lawyers and civil law notaries can do this process as well.  See if they will be handling things, or if they have a preferred Title Company and what the fees will be. 

Chisel That In Stone  – After you’ve settled on your Real Estate Attorney make sure everything you spoke about is in your retainer agreement.  Do not sign anything unless you fully understand the terms. 

Hopefully some of this helped!  If you have any additional questions, or would like further advice please do not hesitate to contact us at The Home Shoppe

 

Call the Home Shoppe Group for more NJMLS Listings in the Monmouth Real Estate Market or Jersey Shore Real Estate. The Home Shoppe Group is a Real Estate business with a team of knowledgeable professionals specializing in every component of a real estate transaction. Whether you are Buying or Selling a Home In Central NJ or the Jersey Shore we can help. We cover all of Central New Jersey with an emphasis on Jersey Shore Real Estate. Call 732-927-1515 or email homeshoppeconsulting@gmail.com

 

Thinking about Selling your Home? Your Home may be worth WAY more than you think? For an instant home valuation visit www.centralnjhousevalues.com

 

 

Thinking about Buying a Home? Search for NJMLS Homes at www.centralnjhomesforsale.com  Mother Daughters in Howell, Freehold, Manalapan, Central NJ and the Jersey Shore can be found here.

Anonymous
joe

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May 27, 2015 04:29 AM
#1
Anonymous
Dave Thompson

Never thought of interviewing a potential real estate attorney that I want to hire. That seems like a great way to get to know them before you actually hire them. I'll have to use that advice when I go looking for an attorney to help me with a few things next week. Thanks for the awesome tip. http://www.brandtlawgroup.com

Jun 09, 2015 09:21 AM
#3