Typically, real estate attorneys in NYC will charge from $100 for a simple consultation to thousands of dollars for complex legal services. Every real estate attorney will charge a different fee for their particular legal assistance, depending on the complexity of the case, so it’s wise to check ahead of time what the typical fees will likely be before you just hire the attorney to handle your case. The bottom line is this: you don’t want to end up paying more than you have to for legal services that you need. It’s important to shop around to get the best value for your money!
An initial consultation is always free. During this time, an attorney will meet with the buyer and explain the ins and outs of the transaction. He/she will also go over contract details and other important information that need to be communicated during the closing. This part is known as the pre-closing stage.
Closing is the next part of the transaction and often involves multiple attorneys. Again, these are free consultations. This part involves the “closing” stage, where all of the legal contracts are read, and any outstanding issues are discussed. Many real estate transactions include contingencies, which means that if one thing isn’t fully agreed upon, then the other party has the right to file suit to force the closing of the sale. A good real estate attorney will know all of the pertinent details about all of the contingencies involved in the transaction.
In many cases, there are additional steps that need to be taken after the closing has taken place. This is why you need one or two real estate attorneys working on your case. The first step will probably be a mediation session to iron out any remaining disputes or issues.
If a dispute does arise after the closing, then your attorney will need to take the case to court. You can only hire someone who knows what they are doing when it comes to taking legal cases and taking them to court. One of the best ways to find a real estate attorney in Brooklyn is to ask people you know for recommendations. You can also hire a private investigator who specializes in real estate transactions to find the right person for your needs.
Once you have hired a few attorneys, make sure that they work well together. There is no room for unprofessionalisms between the attorneys. Remember that the goal is to get the real estate transaction through to the end, and this means that each attorney must put his/her reputation on the line. If you do your research and hire a professional, you will most likely get what you pay for with the right attorney.