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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. They may be able to recommend someone to you if they had a positive experience with them. Refer to family members and friends who have worked with a real estate lawyer and ask them about their experiences. 

The fee for an attorney, if you are selling a residential property, will likely be between $500 and $3,000 or more. However, the higher the complexity, the more your real estate attorney will charge. For example, if you're selling a condo, your attorney may charge a flat fee of $950. You should expect to pay $3,000 or more if your real estate transaction involves more complexity. The amount you'll spend will depend on the complexity of the transaction and the level of legal expertise you're looking for.

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.

Depending on the complexity of the transaction, real estate attorneys may charge an hourly rate. An attorney who prepares deeds can charge as high as $500 while a full-service attorney for real estate closings can run as high as $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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