how much does an attorney charge when you lock up a deal?

Every area of the country may be different. Contact the local real estate lawyers in your local area and inquire what their fee may be. They should have a flat fee unless you require additional services beyond the norm. Also ,you can request a copy of their business card via mail or email. This will help build your future team of real estate professionals to assist you. Good luck. Believe and Achieve! - Joe

Search the site and you will find at least a few contracts you can use to base yours on. Take it to an attorney and they can strike and add what they need to it. I would guess it shouldn't cost more than $100 - $300 tops. A small investment for a solid contract you can use over and over. Of course, many people do it without issue without consulting an attorney, but I always say better safe than sorry. You don't need a hotshot, expensive attorney - just make a couple calls.

do you get any kind of a refund from these attorneys if you can't find a buyer? Would hate to spend $200 per contract then have it fall through because I couldn't find a buyer. thanks for your input

I believe once you have an initial contract, you can then re-use this contract. Assuming of course you don't have a contract made up pertaining to a specific property. If you have a contract written up which leaves all varying fields blank (ie. Names, dates, locations, etc.), you should then be able to take that contract and apply to (hopefully ALL) future proposals.

I am not stating this as fact, only opinion. I have not yet closed any deals of my own, so I am not a voice of authority. This is simply my take on this subject, but, I hope it helps.

Any feed-back proving or disputing my response would be great! It would be nice to get some definitive answers here.

Thanks and good luck!
-Mike

Hey Daniel
Just consider it a good investment for your RE business. Once they make it state specific you can use it over and over again. Tax write off.
Sissy

I am in Florida and I use the FL Bar contract. I can purchase them from the Board of Realtors office for a very resonable price. Check with your local Board of Realtors office. The nice things is you know they are perfectly legal for your location.

This is the response I got from one lawyer I was thinking about working with. Let me know what you guys think. Any thoughts/advice is appreciated. Thanks.

Gunnar,
You were on my list to contact today so thanks for reaching out to me. I have looked into it and I will be able to work with you on the project. I would like to revise the contracts you gave me to have them include the items I would want to have in their.

I also thought about the fees and the way I would handle it would be on a hourly basis with an initial retainer of $1,500. I would charge you’re an hourly rate of $275, my normal hourly rate is $350, however, given that I anticipate there is the possibility of future work I would give you a discounted rate.

Let me know if this works for you and I will send you out a retainer.

Thanks.

buffs28,

In my opinion, I don't think he is a very good team player. I look for individuals who are trying to help me reach my goals, not drain me before I do. Maybe it's just me, take Dean for example, he can't be classified as a GURU because he actually remembers that he was just like us when he started in the field. Although I am a newbie, all the marketing I do and lists I create I always market my company as if you must join my competitive lists for impeccable deals. I just believe anyone not willing to respect your vision would be negative baggage. I wouldn't do it.

God Bless!!