3 Questions to ask when hiring a Real Estate Attorney

Hiring the services of a real estate attorney when you’re getting started in real estate investing is probably one of the smartest decisions that can be made. There are several hazards that one can come across when in this business and an excellent attorney can help you navigate them with ease.

For that, you’ll have to ascertain whether or not, you’re picking the right candidate for the job. So here are 3 questions to ask when hiring a Real Estate Attorney:

#1: How much of your practice is in real estate?

Experts say that, depending on the market, the percentage of an attorney’s practice should be anywhere from 30% to 50%, considering the fact the smaller markets won’t require attorneys to dedicate all their attention. Also, a minimum of five years’ experience as a real estate attorney should be the cutoff when hiring an attorney.

#2: Do you work with other real estate professionals or investors?

Asking this question is important because a yes will benefit you in two ways: you’ll be referred or recommended to CPAs or mortgage brokers if they are working with a wide network of real estate professionals. If the attorney you want to hire also works with other real estate investors, you can ask them for references before hiring them.

#3: How much do you charge?

In asking this question, you should know that it’s important to get what you pay for. While larger firms might charge you much more, smaller firms don’t. Better still – the latter will be available to take care of any pressing needs. With that being said, finding a capable lawyer is far more important than the charges.