Real Estate Attorney Fees ???
Q: Can anyone pls tell me how much a real estate attorney charges for doing the paperwork involved in a real estate transaction...we have a situation where its a for sale by owner and we do not have any agents involved. 1: How much are the costs involved by using real estate attorney instead real estate agents? 2: Who (buyer/seller) pays for these fees.
A: -That depends on where you live. Much of the work is customary and varies from area to area and the price of the house. An attorney will be cheaper than an agent. You *were* going to hire an attorney in either case, right?! There *is* only one right answer here! One way or another the buyer *always* pays. You can negotiate who writes the check, but the buyer pays. This does bring up a good point though, if the seller writes the check, who are they working for? Hint: hire a lawyer yourself and forget the agent. You've already done the agent's work (you and the seller found each other). An agent can offer you nothing for your 6% (or more). -You have a lot to learn here. A real estate agent is basically a commission broker or salesperson who gets paid a fee for bringing buyer and seller together. Basically a salesperson (nothing wrong with that). An attorney is, well, an attorney. They are two different things. You pay for your own attorney, and they are duty bound to protect YOU (in some kinds of deals you get reimbursed, but real estate normally isn't one of them). If you had an agent/broker, in most but not all states you would customarily