How much does a real estate attorney cost?

The cost of hiring an attorney can vary greatly depending on who you hire and how experienced they are. Some attorneys charge a flat rate fee while others charge an hourly rate. Hourly rates typically range from $150 — $500 per hour.For a straightforward real estate transaction, you can expect to pay between $2,500 — $3,000. If your transaction is more complex or you run into legal troubles, these costs can increase quite a bit. You’ll be responsible for negotiating and paying the attorney fees, and most attorneys will require an upfront deposit in addition to setting up an ongoing payment schedule.

What’s the difference between an attorney and a lawyer for real estate?

Most people use the terms “lawyer” and “attorney” interchangeably, but they aren’t exactly the same thing. A lawyer is anyone who has graduated from law school, while an attorney has passed the bar and is a member of a state bar association. So in short, all attorneys are lawyers, but not all lawyers are attorneys.

How do I find a real estate attorney?

If you need to hire a real estate attorney but aren’t entirely sure where to start, here are a few resources you can utilize:American Bar Association directory: You can use your state’s bar association to find a practicing real estate attorney. Use the American Bar Association directory to find a local attorney that fits your needs.Online legal review websites: Online legal review websites can help you find more specific information about real estate attorneys in your area. You can see what kind of experience other clients have had working with them. You’ll also be able to see their fees and specialties.Your real estate agent: Your real estate agent has likely worked with many real estate attorneys over the years. They should be able to recommend a trusted attorney for you.Family and friends who’ve purchased a home: Similarly, if you have friends or family who are homeowners, they’ve likely had to go through this process before. You can ask them for legal recommendations as well.

Real Estate Attorney: What Do They Do?