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Some Things You Should Ask Real Estate Lawyers Before Hiring Them
Buying property isn't something which should be taken lightly. It will most probably be the most important investment you will make in your whole life. But while most people only think about hiring a real estate broker and getting the best price for a house, very few people consider hiring a real estate attorney. But the truth is hiring a real estate attorney Chicago is the only way in which you can ensure you won't be duped during your property transaction. And don't think that your real estate agent can protect your best interests. They don't have the required legal knowledge to keep you secure during a property transaction. That is something that only a real estate attorney is going to be able to do. They are licensed professionals and know exactly what to look for in a property transaction and how to protect you from any complications in the future.
4. Lastly and most importantly it is very important that you ask your attorney how he/she is going to handle your case. Get their opinion of what has to be done & how they will protect your interests. If you don't like what their thoughts or ideas then it is recommended that you go with another lawyer who has a plan of action which meets your requirements perfectly.
But just because you visit an attorney and he/she tells you that he/she practices real estate law doesn't mean you should blindly hire him/her. There are quite a few things which you need to consider when choosing a real estate lawyer to ensure you get the right one. Here are a few things you should keep in mind:
1. Firstly, you need to find out how long an attorney has been practicing law for. This will give you a decent idea of how much experience the attorney has. If you need the lawyer to help you with something simple like a purchase agreement then you can get away with a lawyer with a few years of experience. But if you are going into a complicated deal like real estate development then it's best for you to hire a lawyer with at least 10 years of experience.
2. The next question you need to ask an attorney before hiring him/her is whether they have handled any similar cases before. But at the same point of time, you need to understand that every property transaction isn't exactly the same. So don't think that just because an attorney has handled a similar case that he/she will be the correct choice for you.
3. You should also speak with the attorney about how and how much they are going to bill you before hiring them. By finding out how much they will bill you in advance you can ensure you won't have to deal with any surprises in the future. Just so you know most lawyers charge on an hourly basis.