9 tips for hiring a good real estate attorney

Baltimore investment properties require the hiring of a good real estate attorney. This is because most attorneys are unfamiliar with property transactions and have never invested. Therefore, they only serve to give advice that prevents them from being sued. They can’t tell you how to make more dollars with a deal. Surely, you don’t want to be content with such a lawyer, do you?   A competent real estate attorney for investment properties in Baltimore is one who tells you all about the risks involved in transactions. Not only this. They also suggest options for conducting real estate transactions profitably. In other words, it points out problems and offers solutions. When a lawyer refrains from talking about real estate risks; when it detects problems but does not speak of a solution; Or when your lawyer methodically quits deals (most attorneys are notorious for killing deals), you are with the wrong person.

4 Things You Must Do To Hire A Good Real Estate Lawyer

  • Join a real estate investor association in your city and ask for references.
  • Ask people who have invested in and used the services of a lawyer.
  • Contact title companies and real estate agents for references.
  • Forget the yellow pages. You cannot just choose any attorney who claims to know Baltimore investment property.

Remember, there are 5 subgroups of real estate law:

  • Agricultural
  • Industrial
  • Commercial
  • Residential
  • Landlord-Tenant

For each subgroup, there are lawyers. There are also lawyers for environmental law and construction law. Every lawyer is an expert in his field and cannot give you good advice in other fields. Therefore, it is important that you choose an attorney who is a specialist in a particular field. Generally, in real estate, there are two types of lawyers: one who handles lawsuits and the other who handles contractual matters. The former are known as litigants and the latter are transactional attorneys. There are also some attorneys who handle both matters. However, it is better to hire someone who is a specialist in one or another subject. So for Baltimore investment properties, a transactional attorney is ideal, unless you are embroiled in a lawsuit for which you may need a litigator.

5 things to know about your lawyer before hiring him

  • If they own any rental property.
  • The number of closings that normally take place each year.
  • Your strange recent transactions.
  • Whether they’ve done foreclosures, evictions, condo conversions, or appeals to the zoning board.
  • Whether they’re well versed in terms like land installment, lease or option, wrap-around mortgage, and other similar real estate lingo.

When a lawyer opens his mouth, he can tell whether he is sitting with an expert or a phony. This is why it is always recommended that you have a face-to-face conversation with an attorney before hiring him for investment property in Baltimore.

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