How much will a real estate attorney cost?

Asking people you know, who recently sold or bought a house, is a great place to start looking for a quality real estate attorney. 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. 

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. You should expect to pay $3,000 or more if your real estate transaction involves more complexity. The amount you'll spend will depend on the complexity of the transaction and the level of legal expertise you're looking for.

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. Some real estate attorneys offer discount flat fees for their services, but these firms should be avoided because they may be paid through the 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. However, the exact role of the attorney as well as the size of the firm will affect the amount of the fee. Some real estate lawyers handle the entire process while others offer general transaction counsel.

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