Chicago Real Estate Lawyer Fees
How much are Chicago real estate lawyer fees? Competent Chicago real estate attorneys generally charge a fixed fee of $500-$1000 for a residential real estate closing. Many real estate lawyers reserve the right in the engagement letter to increase the closing attorney fees if unanticipated circumstances or complexities arise. Commercial real estate lawyers often charge hourly for legal services.
In the Chicago area, the buyer and the seller each usually pay for their own closing lawyer. The seller’s real estate attorney also performs a title search, clears liens or encumbrances to title, procures a title insurance commitment. The seller’s real estate attorney typically receives an agency fee from the title company for these services.
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Chicago real estate lawyer Brian J. Thompson, 773.307.0181 or Brian@BrianThompsonLaw.com.