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Updated almost 9 years ago,

User Stats

14
Posts
1
Votes
Alex Kouramanis
  • Full Time Investor
  • Toronto, Ontario
1
Votes |
14
Posts

Lawyer Fees - How Much is Too Much?

Alex Kouramanis
  • Full Time Investor
  • Toronto, Ontario
Posted

Greetings fellow BP members!

Hoping to get some opinions and advice here:

I just sold half an acre of land for $9,000.00 using a lawyer who was referred to my by an investor in my area. I assumed this would be a fairly simple transaction, without much work to be done on the part of the legal team. 

I was shocked however, to be handed a $1,340.00 fee after taxes for his services. This is about $800.00 above what I had expected, although I did not ask upfront about his fee structure. As a result, my gut reaction is to call and ask about how we arrived at this number. I mean, I dread the thought of I would be charged for a deal that is actually complicated and requires time to complete...

Should I have asked for fees upfront? Should I call and inquire, possibly hurting the relationship? Should I just eat this one and learn from it?

Thanks!

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