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How much will a real estate attorney cost?

Dec 20

Asking people you know, who recently sold or bought a house, is a great place to start looking for a quality real estate attorney. If they had a great experience with one, they may recommend someone to you. Ask your family and friends for referrals. 

An attorney's fee ranges from $500 to $3000 or more if you're selling residential property. However, the higher the complexity, the more your real estate attorney will charge. An example: If you sell a condo, your lawyer may charge a flat rate of $950. For more complex transactions, expect to pay approximately $3,000 or more. The amount you'll spend will depend on the complexity of the transaction and the level of legal expertise you're looking for.

A real estate attorney is needed to assist you in selling your house. While they can help you with pricing and negotiation, it is best to choose an attorney who is experienced in this area of work. While some real estate lawyers offer flat fees at a discount, they should be avoided as they could be paid through title insurance commissions.

Depending on the complexity of the transaction, real estate attorneys may charge an hourly rate. A deed preparation lawyer can charge $500, while a full-service real estate closing attorney may cost up to $1,000 or more. But the total fee will depend on the specific role of the attorney and the size of the firm. Some real estate attorneys handle the entire closing process while others only provide advice and general transaction counsel.

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