Real Estate Investing – Protect Yourself, Hire A Real Estate Attorney
Real estate investing can be overwhelming, especially when it comes to the law. Hiring an attorney is important to any on that is getting started in real estate investing. Attorneys will keep you on the right side of the law when buying and selling real estate. Every state has different laws regarding real estate and only a professional can guide you in making the right decisions through with your investments. In addition, commercial and residential laws may vary greatly so make sure that you have the proper legal representation when you start investing.
Selecting an attorney can take some time and patience, start with two or three attorneys that specialize in real estate and you can narrow them down from there. Use friends or acquaintances that you know in the investment business as a starting point. Otherwise, look to the internet or yellow pages for guidance. Look for attorneys that have a successful record and check with the state bar association to make sure that they are reputable.
Once you have a few attorneys to choose from, you need to get the answers to some basic questions. The following questions are a good starting point when looking for a real estate attorney:
What kind of experience do they have?
As a potential candidate, you want to make sure that the attorney has the experience that you require in real estate investing. Do they understand the market and current conditions?
Do they work with other real estate investors?
How about experience with other real estate investors, a solid client base will go a long ways to proving that they understand and fit your needs for real estate investing. Ask for references from other investors, this will make your research less time consuming.
What about their fees for representation?
Many people think that the size of the law firms dictate what the fees are, however this is not always the case. In most case, larger law firms may present challenges when trying to get in contact with the attorney. Price is not as important as the legal advice that you will receive, representation is more important then a few extra dollars they may charge you. The old adage that “you get what you pay for” will apply in the instance.