How much is this going to cost me?
Like most things in life, you get what you pay for. Let’s face it, legal services are not free and generally hiring an attorney is not cheap. If you are shopping for legal services, this is one area where you may want to avoid the bargain.
There are law firms and solo attorneys out there who will charge you extra low fees for your real estate transaction.
These firms typically are able to do so because they take on large numbers of closings. They may make money by quantity of files they have, as opposed to the quality put in to each file and that usually means your file will be one of many and you may have difficulty getting your attorney on the phone.
We typically work on a flat fee basis for our real estate closing transactions and that fee is specific to the type of property, such as single family home, condominium, multi-unit, etcetera, and the type of transaction, for example, is the property bank owned or distressed in some way?
Is the transaction a cash sale or is there a loan involved? For real estate closings, we offer competitive rates and we are typically paid at closing, which means you don’t need to come up with a partial payment or a retainer fee up front.
If you would like to speak with a Chicago real estate attorney, click here.