How should a potential client evaluate real estate lawyers, and why?
August 1, 2024 – Matthew S. Akers & Douglas McCarthy
A good real estate lawyer needs to have the following qualities:
- Certified – The first and most important thing is to make sure that the real estate attorney or firm is certified, so they actually have certification from the state bar to handle real estate transactions.
- Experienced – Since real estate is a very complex area of law, you want to look at what their level of experience is. While title companies and some attorneys may hold themselves as being real estate attorneys, very few firms actually have the breadth or extent of experience needed. They often don’t understand all the nuances of real estate that can come into play and can save or sink a real estate closing.
- Service / Inside Knowledge – Make sure that the attorneys understand the importance of offering service to the client. This means ensuring that the attorney doesn’t limit services to only picking apart a case and finding problems with it, but rather that they look for solutions first. It’s their job, and they must always try to find a way to make sure that the transaction will proceed.
- Staff To Handle The Transaction – Find someone who has a staff capable of handling all of the volume and the issues that happen in a typical real estate transaction. Small law firms with one or two attorneys and no staff typically aren’t as efficient and don’t have the experience level necessary to handle a typical real estate closing in the modern age. It’s important that they can get the job done on time, so other people, such as the lenders, can fulfill their responsibilities in a timely manner.
- Technology – Lastly, look at their technology. Do they have the technology or means to make the transaction smooth and efficient? These days, it’s more important than ever to protect the data, information, and funds of the person involved in the transaction. Making sure they have up-to-date closing software will work to ensure that all the recording fees are exact, avoiding surprises in the end.
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