how to choose a closing attorney

Should you hire a lawyer at closing?

Sep 21, 2020 · How to Choose a Closing Attorney 1. Get a recommendation from experts Many experts are involved in the real estate business. You will work with real... 2. Choose a lawyer who specializes in real estate Some lawyers specialize in real estate matters. Hiring lawyers who... 3. Check out the ...

What does a closing attorney do for sellers?

Jul 15, 2019 · Decide which type of attorney is most important to you so that you’re getting the expertise you require. Working knowledge of current real estate law is key to a successful, smooth closing. Quality real estate attorneys keep up with the latest changes so there are no surprises when you get to the closing table.

How can a real estate attorney help relieve the stress of closing?

Oct 30, 2013 · In order to use your choice of attorney in a HUD closing you need to have your agent include the attorney or law firm in the Offer to Purchase. The language needed to be added to the contract can be as simple as “The closing shall take place at the law firm of Conrad Trosch & Kemmy, P.A.”. Once the contract is signed you have effectively guaranteed that you will be …

How do I choose the best real estate lawyer?

Nov 08, 2006 · Choosing a closing attorney. By Virginia Halter. Real Estate Agent with RE/MAX Signature Properties. November 08, 2006 07:54 AM. I had to share this story about a closing I had last week. Keep in mind I had the sellers! We went to an atty office I had not worked with before. Of course, we meet new attys all the time so I thought nothing of it.

Understand Your Closing

An attorney is required to sell, refinance or obtain a reverse mortgage on any residential real estate in Georgia.

Origin Title: Approved Attorney

These are a few of the more than 40 lenders who have approved Origin Title for residential loan closings on their behalf.

What is a real estate closing?

A real estate closing is often a nerve-wracking experience for both the buyer and seller. Typically, a large amount of money changes hands during closing and both parties to the transaction have done a lot of work leading up to the closing date. Plus, real estate contracts tend to be full of legal jargon that can be difficult for ...

What is the job of a lawyer?

It is your lawyer’s job to give you legal advice about your legal matter. That is the reason that you are paying him or her to represent you in a real estate closing. As a result, you should cooperate with your lawyer and take his or her advice for the best possible outcome in your case.

What is general practice law?

Many lawyers have a general law practice, meaning that they handle many different types of cases. Real estate law tends to be one area of the law that many general practice attorneys frequently handle. Contact the bar association in your state.

Do attorneys offer free initial consultations?

Many attorneys offer free initial consultations, so schedule appointments with those attorneys whom your friends, family members, or colleagues recommended. When you go to these appointments, your main goal is to get a sense of the attorney’s experience in handling real estate transactions.

Questions for a Real Estate Attorney

Since buying real estate is likely the biggest investment you’ll ever make, you need to make sure all your bases are covered. In your search, make a list of essential questions that you should ask everyone you talk to.

How long have you been practicing?

Find out how long the attorney has been working in your area. For residential closings, a few years should suffice. For bigger transactions like commercial real estate or investment property, you want an attorney who’s much more experienced.

How do you handle closings?

Tell the prospective attorneys about your particular situation. Then, ask them what they would do and what their typical procedures are. Knowing how they would plan to deal with things in advance will give you confidence and peace of mind.

What about fees and billing?

Some attorneys require a retainer up front and then bill you the balance later. Ask them what their rates are, and how much they think your individual situation would cost. With so many fees involved in real estate transactions, you need a firm price so you can add the attorney to your budget.

Will there be others working with us?

Some law firms rely on other attorneys and paralegals to work on their cases behind the scenes. Ask if other people will be involved in the transaction or if you can expect to simply deal with one attorney directly.

Knowledge is Power

There are several important things that every good real estate attorney should know. Read more about that so you’ll be aware of the intricacies involved in a real estate closing.

Attorneys and Your Success

Once you’ve done the legwork, you should have no problems finding a reliable, quality real estate attorney who can help with the closing process. Be sure to check reviews and ask the right questions so your transaction will be a success.