... the estate planning attorney has to have a working knowledge of six areas of the law — estate ... real estate, taxation and probate. Choosing a real estate attorney is an important decision you need to make when buying New York City real estate. align-items: center; .su-cta-action { “They ask that question but they don’t always believe me,” top Los Angeles real estate Todd Jones says. Doing some careful research and asking the right questions can ensure that you find the best overall fit. Another route is to contact the NY bar association for a list of attorneys specializing in real estate. box-sizing: border-box; Questions to Ask a Real Estate Attorney. Real estate laws differ from one state to another so you want to make sure they’re up-to-date on local rules. background-color: #b8b6b8; In fact, you might find your first meeting with a new real estate attorney goes rather smoothly if you come in with some questions prepared beforehand. Lawyer's Assistant: Anything else you want the Lawyer to know before I connect you? text-align: right; To get proper estate documents drafted, financial planners usually recommend using an attorney specializing in estate law. Compare the Top 3 Financial Advisors For You. Keep in mind that when it comes to legal services, you get what you pay for so you need to be careful when weighing cost against quality. padding: 35px 20px; flex: 0 0 73%; The intricacies of closing a NYC real estate deal—from due diligence on a co-op to reading a condo board minutes—are not taught in law school or dealt with in many other real estate markets. .su-cta-action a:hover { .su-cta-content { padding: 0 15px; I believe this type of escrow accounts sweeps all interest earned towards a fund that helps those who got their money stolen via lawyer scams. .su-cta { margin-bottom: 0; } } margin-bottom: 0; display: inline-block; So many people reached out to us looking for tax and long-term financial planning help, we started our own matching service to help you find a financial advisor. If the attorney is willing to provide you with some names of other real estate professionals or former clients, it’s a good indication that he or she is confident about their reputation. box-sizing: border-box; margin-bottom: 60px; } .su-cta-content > :last-child { } padding: 35px 20px; Besides a buyer’s agent who represents your best interests in a real estate transaction, an attorney represents your legal and contractual rights. I presently own a commercial property that is behind in rent. Will You Personally Be Working with Me or Will You Hand Me off to Your Paralegal? .su-cta-action a:hover { SmartAsset can help. margin-bottom: 0; } You should ask your lawyer about what kind of escrow they use. } These four questions can both focus the meeting and save you both a lot of time. } Find out now: How much house can I afford? It's too late to make changes after you've signed a commercial lease for an office building or retail space and the ink has dried. 5 Questions To Ask My Real Estate Attorney. } Talking to a real estate attorney firsthand lets you get a feel for their personality and professionalism but you can get additional insight by talking to people they’ve worked with before. We will have to take your advice and find one specifically working in real estate. border-radius: 5px; margin-top: 0; From the thousands of questions I received, I believe that seven are essential to ask an attorney before hiring them to represent you: 1. border: 2px solid #3a3a3a; Update: Are you also looking to hire a financial advisor? For these buyers, closing … If the attorney is willing to provide you with some names of other real estate professionals or former clients, it’s a good indication that he or she is confident about their reputation. .su-cta-action a:hover { Every real estate deal is different and it’s to your advantage to find an attorney who’s experienced in handling situations similar to yours. background: #f3f3f3; Ask MetaFilter is where thousands of life's little questions … I like how you said to ask about how attentive and responsive the real estate lawyer will be. 7 Mistakes Everyone Makes When Hiring a Financial Advisor, 20 Questions to Tell If You're Ready to Retire, The Worst Way to Withdraw From Your Retirement Accounts. I like your suggestion to find a real estate attorney that will be able to respond to your emails within a few emails. justify-content: space-between; text-decoration: none; Hi Margie, it depends on the language of your signed commercial lease agreement. Thanks for pointing out that we should pick those who specialize with this kind of field to ensure that they understand the real estate market. As a result, there is a great deal of questions that arise when a person is purchasing a co-op in NYC.. You may also have to pay a retainer upfront in order to secure the attorney’s services. background: #f3f3f3; font-size: 14px; } It would be really important to ask them if we would be working with them personally then! Hauseit LLC is a Licensed Real Estate Broker, licensed to do business in New York under license number 10991232340. display: flex; There are also light-touch, discount … Real Estate Lawyer Fees in NYC Read More » Square footage numbers are only estimates and should be independently verified. My friend wants to purchase his first home, so I think this article may help him out. What Kind of Insurance Coverage Do You Have? Our partner brokers are some of the most experienced and reputable in the industry. Talking to a real estate attorney firsthand lets you get a feel for their personality and professionalism but you can get additional insight by talking to people they’ve worked with before. background-color: #b8b6b8; “The worst thing you could do is overprice a home.” No nonsense, a realtor should tell it like it is. .su-cta-action { } .su-cta { margin-bottom: 60px; } We are thinking of hiring a real estate lawyer for our new house. If you don’t already have an attorney you’re comfortable with, you might ask your real estate agent, your friends and colleagues (or even Facebook) for real estate lawyer recommendations. flex: 0 0 73%; Hi Marcus, yes it’s really important to find an attorney who not only specializes in real estate, but focuses on real estate transactions in your particular city or area. Here are 4 questions every investor should ask their real estate attorney. Many commercial leases do indeed allow for late charges to be added as “additional rent.” In terms of eviction and scheduling a hearing, we recommend consulting your attorney. .su-cta-action { To find an estate attorney, Weaver suggests that people ask friends, colleagues and their financial planner for referrals to estate attorneys they’ve used, and recommends interviewing several before making a decision. } } Hauseit LLC is a Licensed Real Estate Broker, licensed to do business in New York under license number 10991232340. align-items: center; .su-cta-content > :first-child { Since we’ll want our questions answered quickly, we’ll be sure to find a real estate attorney who responds to emails within a few emails. My husband and I really want to sell our home and our friend suggested we get a real estate to help us out. Then the program will narrow down your options from thousands of advisors to up to three registered investment advisors who suit your needs. Meeting a new attorney can be intimidating. One of the most important members of your team is your attorney. color: #3a3a3a; Related Article: What Kind of Real Estate Agent Do You Need? Price is an important consideration when it comes to choosing a real estate attorney but it shouldn’t be the only one. display: inline-block; padding: 13px 19px; This allows you to find a good fit while the program does much of the hard work for you. If you’re looking to get into real estate investing, attempting to purchase a short sale or foreclosure, or having unexpected complications with a simple transaction, it may be time to hire a real estate attorney. For example, a real estate attorney based in New Jersey or Westchester County, NY might have no idea about how transactions for condos or co-ops are typically done in NYC. Question: can i include late charge with additional rent included in my rent Demand? 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