Tips for Hiring the Best Real Estate Attorney
Some real estate attorneys have never invested in the real estate industry which means, they do not have the experience needed to advise you on how to churn more money from the deal. Most of them will only advise you on better ways of transactions and what you should do not to get sued. Of course, such an attorney is not of good help for your business.
A reliable real estate attorney will not only tell you about the risks involved in a real estate transaction but they will also offer other solutions in your business. A good real estate attorney should not only tell you about the problems but they should be in a position to offer solutions. Here are things one should do to hire a good real estate attorney.
Check out the real estate investor association in your estate. Join such real estate associations and ask for referrals. Most of the investors here have worked with a given attorney and can, therefore, assure you quality services from a given company.
Some people have worked with an attorney before. You should, therefore, ask around. Word of mouth is so reliable given that they have worked with an attorney before. By asking people, you will get the pros and cons of working with an attorney and therefore, you will decide whether you can work with them or not.
You can also talk to real estate agents and startup companies. Real estate agents are always on the ground and thus have interacted with several attorneys. You can, therefore, rely on them for valuable information about a given lawyer.
Search for a real estate attorney in your niche. There are several fields in real estate law such as commercial law and residential law, you must know what you want and therefore find lawyers who have specialized in that field.
In addition to the above points, one should hire a real estate attorney who owns rental properties. Such people will be guiding you out of the experience and not only from a theoretical perspective. Attorneys with rental properties have hand-on experience of what is happening in the industry and therefore, they will not fail you.
Ask if the attorney is well-versed with terms like lease or land contract among others. Your lawyer must be skilled and knowledgeable in this field. You must, therefore, check the credentials of the said lawyer. He or she must have completed their training and passed the required tests. A qualified attorney must be licensed by the local authorities.
Check their past work. Ask about the recent transactions they have done. The lawyer should be willing to show you odd transactions they have seen work on. The history of a given lawyer can tell you what to expect from them and thus help you in making the right decision on hiring them.
If possible, hire an attorney who belongs to a given association. This is because the attorneys belonging to these groups are monitored and therefore provide quality services.