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How much will a real estate attorney cost?

Dec 20

If you're looking for a good real estate attorney, the best place to start is by asking people you know who have recently bought or sold a home. They may be able to recommend someone to you if they had a positive experience with them. Refer to family members and friends who have worked with a real estate lawyer and ask them about their experiences. 

The fee for an attorney, if you are selling a residential property, will likely be between $500 and $3,000 or more. The higher the complexity, however, the more expensive your real estate attorney will be. Your attorney might charge you a flat fee of $950 if you are selling a condo. For more complex transactions, expect to pay approximately $3,000 or more. The complexity of your transaction and the level you seek in legal advice will determine the amount you spend.

If you're selling a house, you'll need a real estate attorney to help you navigate the process.  Although they can provide advice and negotiate for you, it's important to find an attorney who specializes in this type of work. You should avoid firms that offer flat rates at discounts for real estate professionals. These fees may be paid through title insurance commissions.

Depending on the complexity of the transaction, real estate attorneys may charge an hourly rate. An attorney who prepares deeds can charge as high as $500 while a full-service attorney for real estate closings can run as high as $1,000 or more. The specific role of each attorney and the size of the firm will determine the final fee. Some real estate attorneys handle the entire closing process while others only provide advice and general transaction counsel.

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