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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. If they had a great experience with one, they may recommend someone to you. Ask your family and friends for referrals. 

An attorney's fee ranges from $500 to $3000 or more if you're selling residential property. The higher the complexity, however, the more expensive your real estate attorney will be. Your attorney might charge you a flat fee of $950 if you are selling a condo. You should expect to pay $3,000 or more if your real estate transaction involves more complexity. The complexity of the transaction, as well as the level of legal expertise required, will affect the cost of your investment.

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.

Depending on the complexity of the transaction, real estate attorneys may charge an hourly rate. A deed preparation lawyer can charge $500, while a full-service real estate closing attorney may cost up to $1,000 or more. The specific role of each attorney and the size of the firm will determine the final fee. While some real estate attorneys can handle the entire closing process, others provide general advice.

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