The decision to purchase a home is one of the most exciting life events for many families, and with it comes a lifetime worth of stress and anxiety. One easy way to lighten the load when undertaking your home purchase is to team up with a real estate attorney to help protect you from any unforeseen issues or liabilities that may arise from a legal standpoint.
Because the real estate process can move quickly and you’ll want to have your attorney at-the-ready as soon as you’ve put an offer on the table (or sooner), it’s important to start the search process early. Real estate attorneys maintain fiduciary responsibilities to their client, which means they must act in the best interest of their clients.
As you search for the right attorney for you, bear in mind a few of these questions and considerations:
- What kind of experience do they have with transactions similar to yours? Someone with local experience and credentials is essential as real estate laws vary from state-to-state. You also want someone who has experience with the type of transaction you’re completing – be that residential or commercial. Some types of transactions can be more challenging than others as well, so it can be useful to probe on their experience with transactions that are similar to yours. For example, if you’re buying a foreclosed home, you’ll want to know if they have experience transacting on bank-owned properties.
- Who else, if anyone, might be working on your case? Some larger firms may distribute the workload differently than smaller firms. From a confidentiality perspective, it’s good to know who will be having access to your information.
- How does their fee structure work and what is the timing of payment(s)? Understanding the payment terms upfront will help alleviate concerns that may otherwise crop up later on. On the other hand, fees shouldn’t be the sole determining factor when deciding which real estate attorney is best for you. You want someone you trust and who delivers what you want.
For expert legal counsel during one of the biggest purchases of your lifetime, get in touch with us at Silverberg | Brito, PLLC. We’ll help you every step of the way.