If you hire a real estate lawyer before you sign a purchase contract, your home-buying experience is guaranteed to go as smoothly as possible because any potential legal problems are solved before closing. And as long as your real estate lawyer issues your title insurance, you won’t pay more by involving him or her early on.
What Are The Fees?
Either a non-lawyer title agency or a real estate lawyer can handle your title insurance. Many falsely believe the attorney fees cost more, but actually they both cost about the same. The benefit to letting your real estate lawyer handle the title insurance is that he or she can also:
A title agency that isn’t affiliated with a real estate lawyer cannot do any of those things.
Whether or not separate attorney fees will be charged depends on the way the transaction is structured. Typically, if your attorney acts as the closing agent and provides your title insurance, there will be no other fees involved.
For example, in Florida, for more complex circumstances, fees could range from $350 to $600 for an average-priced home. If you hire a real estate lawyer to review the title commitment and other documents prepared by someone else, a moderate and reasonable fee will be charged, with the actual cost varying across the state.
Because your real estate lawyer is versed in real estate law, he can answer questions regarding very important issues, such as:
A real estate attorney can also perform the following procedures: