Every state is different when it comes to whether you need an attorney during any real estate transaction. If you are selling your property, then you need to do it right.
In New York, you do need to reach out to your attorney for support with your home’s closing. You should find an attorney who you feel comfortable with and who is experienced with home closings so that you know that they will be able to take steps to protect your interests.
What questions should you ask a real estate attorney?
Before you hire a real estate attorney, it’s worth asking them any questions you have, such as:
- How long have they been an attorney in the real estate specialty?
- How much does it cost for them to help with the transaction, and is it a flat or hourly fee?
- What is their typical strategy for home closings?
- Who will attend the closing? Will it be the attorney or a paralegal?
Asking questions like these can help you learn more about the attorney and if they may be the right fit for your situation.
How do attorneys charge for helping with closings?
Most attorneys work with either a flat-rate or hourly pay structure. For a closing, it’s more typical to see a flat fee for the service. Hourly rates vary, so you will want to ask what to expect in terms of payment.
Hiring an attorney for closing is a necessity in New York. You want to make sure you find the attorney who will work well with you and close this transaction appropriately. Ask questions, and don’t be afraid to meet with multiple attorneys before selecting one to work with.