Are you hiring a real estate attorney? Consider this checklist

 

Investment in real estate calls for hiring a real estate attorney for various reasons

 

Real Estate Attorney simplifies and assists in managing the tasks related to real estate. It may be finalizing a deal, joint venture, guidance for investment in property, title search, sale-purchase of real estate, documentation, or dispute resolution.

 

During the negotiations, the presence of a real estate attorney ensures that the best deal is clinched for the client. The real estate lawyer would see that the transactions are complete as per law, and parties comply with all the requisite legal formalities.

 

Real estate matters require the expertise and experience of real estate attorneys. The documentation concerning a real estate transaction is complicated. A property lawyer can ensure that the documents create a legally binding effect.

 

Once decided to hire a real estate attorney, the following points are to be kept in mind:

 

There are many legal formalities essential to be fulfilled in any real estate transaction. Real estate investment is generally a State Law. The requirements change from State to State. It becomes vital to look for a property attorney who is well acquainted with the area and the prevailing law, where the property is situated.

 

Documentation is an area in real estate matters which cannot be ignored at all. Drafting the right worded agreements/contracts/transaction document is the first and the most crucial step. One needs to go for a real estate attorney who is known for a good understanding of the deeds/agreements’ legal language. It is necessary to ensure that no lacuna is left in the documentation, leading to cumbersome litigation in the end.

 

The real estate attorney must be experienced. Since the matters are complex, the experience of an attorney comes handy. In case of disputes or litigation, an experienced property lawyer will handle the issue in a better way. It is vital to know the number of years for which the attorney has been practicing in the field. Equally important is to find out his area of expertise, whether he has represented more buyers or sellers. How successful he has been in case of litigation or dispute resolution. 

 

Charges are another crucial factor. Experts like real estate attorneys, charge hefty amounts for their professional services. The more complicated the matter, the more are the charges. If it is worth, one must not hesitate to pay the amount. It is essential to approach the real estate lawyer whose services are affordable. At the same time, one must be aware of the charges for routine services and special services. Do not go for less paid lawyers if not sure about their skills and standard of services. 

 

We cannot overlook the reputation of the attorney. It is advised to approach a real estate lawyer who is known for ethical ways of working. He must be trustworthy and should not have any notorious reputation. It is well known that the real estate sector in some countries easily falls prey to the illegal designs of the people who want to make money fast. Even the working culture in the government offices in the real estate sector (like the registration department, municipal offices, taxation department) has not remained untouched by bribe vices, etc. In such a scenario, it becomes convenient for attorneys to go for any means to get the work done. One must ensure that unethical means are not adopted to have a favorable act. These things do not help in the long run, and legal complications are bound to arise later.

 

Reviews of the old clients also matter. One must try to take the opinion of the clients who have dealt with the lawyer before. Talking to them will help understand the working style and psychology of the real estate attorney, and the same will be beneficial in dealing with him. But beware of the cynical critics.

 

If faced with litigation in a real estate dispute, apart from the above factors, there is one very significant point to remember. The property lawyer being hired must be capable of getting justice for you. It requires a good understanding of practical as well as theoretical real estate law. The skills of a courtroom differ from skills used outside it. Therefore, go for an attorney who is well known for putting forward convincing arguments to win the case. 

 

NRI legal services which is one of the top law firms, provides services related to property matters. Many property lawyers who are experts in the area are associated with it. It is advised to choose a real estate attorney wisely.