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How much will a real estate attorney cost?

Dec 20

You can ask your friends and family members who have sold or purchased a home recently to recommend a real estate attorney. You might be recommended by someone they know who had a good experience with one. 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. Your real estate attorney's fee will increase depending on the complexity of the transaction. For example, if you're selling a condo, your attorney may charge a flat fee of $950. If your real estate transaction is more complicated, you should expect to pay around $3,000 or more. The amount you'll spend will depend on the complexity of the transaction and the level of legal expertise you're looking for.

To help you sell your house, a real estate lawyer is necessary. While they can help you with pricing and negotiation, it is best to choose an attorney who is experienced in this area of work. Some real estate attorneys offer discount flat fees for their services, but these firms should be avoided because they may be paid through the title insurance commissions.

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

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