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Choosing a Real Estate Lawyer
Making the Right Choice Up Front
by Ron Thibeault
One of the questions that people have asked over
and over again is how to select a real estate lawyer. The answer
is pretty complex because there is no easy, fits everyone answer.
Of course, not every jurisdiction requires that you have a real
estate lawyer. However, when one is needed choosing a real estate
lawyer involves a large number of variables ranging from experience
to personality issues. There are, though, some basic things that
everyone should be working from.
The first issue most people focus on is price
WRONG! Price is only one factor and unless the fees of one
lawyer are 30% more than another then it should become a minor fact.
Why?
It's simple actually
. by focusing on price you
sometimes fail to take into account the more important issues like
experience and knowledge. Price should only be a factor when all
other things are relatively equal or when the price from one lawyer
to another varies dramatically.
The biggest concern we all should have when selecting
a lawyer is experience. This is the same as with any other business
you want the best person available to help. It's not when things
are going well that you have to worry it's when things are going
badly
it is at this time that the experience of your lawyer
is most important.
How do you judge experience? Again, there is no
fast easy answer. There are, however, some basic questions you should
be asking. Here are a few of them:
- How many real estate transactions of my type
do you do in an average month?
- Who are your assistants, what are their roles
and how much experience do they have?
- When it comes time to meet to sign documentation
who will I meet with?
- What are the steps that I will have to go through
from this point forward and what can you do to make the process
easier?
- What are your fees and are they firm quotations
or simply estimates?
These basic questions will help you get a feel
for the person you are dealing with and will help you make a decision.
Do not rush to get answers
make sure that you take your time
and get the lawyer to flesh out all answers as much as possible.
Once you have armed yourself with this basic information compare
your notes and make your decision.
What should you do once you select who it is you
want to represent you? There is no easy answer to this but the KEY
is simply this
do not wait for your lawyer to contact you
unless they instruct you to do that. Don't assume that your real
estate lawyer will know every single thing about the file or what
is happening. With so many lines of communication - seller's lawyer
to buyer's lawyer, seller's realtor to seller's lawyer, seller to
seller's lawyer, etc. - the possibilities for one line of communication
to falter are always there.
The important thing is for you to ensure that
the lines of communication are open on your side. In other words,
if your Realtor, the other party or anyone else contacts you about
anything to do with the transaction, simply call your lawyer and
pass on the information that you have received or have been asked
to divulge. What may seem to be a fairly straightforward thing at
the moment might have important legal ramifications down the road.
Ron Thibeault
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