Real estate lawyer fees usually wind up being around $1,500. But like with anything else, you get what you pay for here. If you decide hiring a real estate attorney is the right thing to do, whether your transaction is complex or you simply want the peace of mind, don’t go bargain hunting.
Attorneys usually charge by the hour, from $150 to $350. However, some real estate attorneys may have a fee schedule for certain services, such as preparing real estate closing documents. For example, real estate attorney John I. O’Brien in Wakefield, Mass., charges the same closing fee regardless of the cost of the house. Also, he offers a package service for buyers who hire him for the purchase and sale as well as the closing.
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How Attorneys Are Paid Attorneys normally charge by the hour, at rates ranging from $150 to $350. You may also find attorneys who charge flat fees for specific services, such as preparing real estate closing documents.
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If you’re buying or selling real estate, you may have heard you should hire a real estate attorney. "Should" is a squishy term, though. Do you need to hire a real estate attorney at all?
In most states, it’s up to you whether to hire your own lawyer. Real estate attorney fees vary. Some charge by the hour with rates ranging from $150 to $350 per hour, while others offer a fixed rate to conduct a real estate closing. Expect to pay $500 to as much as $1,500 if you hire an attorney.
The cost to hire a real estate lawyer depends on your needs. The national average cost for real estate lawyers ranges between $350 and $550, although prices can vary greatly based on the individual case.Many states, such as New York and Georgia, require that a real estate lawyer handle the closing documents when buying or selling a house.
Legal fees across a wide spectrum of situations can stretch into the tens of thousands of dollars. Does it make sense to sell your house to pay.
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