What Does a Real Estate Attorney Do?
There are two types of real estate lawyers: commercial and residential.
Residential real estate lawyers can assist you in buying a home, dealing with foreclosures, and resolving landlord-tenant disputes.
Commercial real estate lawyers deal with construction and development projects, as well as zoning issues. If you don't own a business, you probably won't need to deal with a commercial real estate lawyer.
How Do I Know If I Need a Real Estate Attorney?
If you're starting a business or expanding your current one, you may want to consult with a commercial real estate lawyer. A commercial real estate lawyer can help ensure you have all the approvals necessary to move forward with your building.
If you're buying a house, a real estate lawyer can advise you on the ins and outs of inspecting and legally purchasing the property. Real estate attorneys should also be well-versed in all landlord-tenant matters and should be able to advise you in any disputes.
How Much Does a Real Estate Attorney Cost?
Most real estate lawyers use an hourly rate for complex matters that require a lot of time and fixed rates for drawing up or reviewing documents. If you're buying a house, it may be a little more expensive than if you're selling one. The exact matter you're dealing with and where in the country you live will determine how high your rates will be. Make sure to figure out how much you'll be paying your lawyer in advance.
What Should I Expect When Working with a Real Estate Attorney?
If you're buying or selling your home, you can expect the house to change ownership, and you'll either be the proud new owner or the relieved ex-owner of a new home. For any disputes, you should come to a resolution where the party at fault likely has to pay the other.
In commercial matters, you should expect that all land plot issues are settled, and you'll either be approved or rejected from building where you request.
In any case, a real estate attorney will use their knowledge to put you in the best position for a legal and speedy resolution. If you need advice, you may want to consult with a Rocket Legal Pro.
This article contains general legal information and does not contain legal advice. Rocket Lawyer is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.
