Small Doggies Magazine

A Beginners Guide To Law

What Steps Should You Take to Hire a Good Real Estate Attorney?
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If you have investment properties you are advised to hire an expert real estate attorney. Not all lawyers are conversant with property transactions; furthermore most lawyers have not invested in real estate before. As a result, you find that most of these lawyers only offer advice and this prevents them from being implicated. They cannot advice you on methods of making money out of a deal. I’m sure nobody wants to be comfortable when dealing with such an attorney. A professional real estate attorney for investment properties is one who will let you in on all the risks that could arise from any deals made. A good real estate attorney will propose doing profitable real estate transactions. Professional real estate attorneys will show you where there is a problem and will also give you a solution thereof. You know you are working with the wrong real estate lawyer if they methodically kill a deal or sees a problem but does not point it out or avoid discussing risks in real estate.
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Below are some things you can do when hiring a good real estate lawyer.
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If there is a real estate investors association in your city, make a point of joining and look for referrals. Check and get to know other real estate investors and look for the ones who have been served by a real estate attorney. You can get referrals by contacting real estate agents and title companies. Do not rely wholy on the yellow pages as you cannot trust any lawyer who claims to have knowledge on real estate investment. Always remember there are five groups in real estate law and they are, agricultural, landlord-tenant, industrial, residential and commercial.
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There are different lawyers in the five subgroups. More lawyers are in environmental and construction law Every lawyer is specialized in their hence they cannot give you professional advice in other areas. That is why it is advisable to seek a qualified lawyer in their area of specialty. Lawsuit handling lawyers and contract management lawyers are the two types of lawyers in real estate. The former ones are also known as litigators while the latter are transactional. However there are lawyers who handle both scenarios. The best option is going for one who is expert in at least one field over the other.
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Before you hire any real estate lawyer these are some points you should know.? Establish if they have a rented property. How many cases do they successfully close per year? Do they have any odd transactions, if so get to know about them. Find out of they have done any foreclosures, zoning board appeals, condo conversions or evictions. Are they well versed with most real estate jargon like wraparound mortgage, option or lease, and installment land contract among others? When a lawyer speaks you can know if you are dealing with a professional or a quake. That is why it is advisable to meet your lawyer in person before you hire them.

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