Buying A Home
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Question about a lawyer...
We are house hunting for our first house currently. We have a realtor, but didn't even think about a lawyer. I work at a bank, and was talking to a client of mine about how we're buying a house. He owns a very large law firm in the area, and said to let him know about needing a real estate lawyer, because his firm has that too.
So, my question is, and it's nothing against him, do we really need a real estate lawyer? If so, how do people generally find them? How expensive are they? This client is a great guy, and a wonderful lawyer, but I'm pretty sure he's out of our price range even if we do need one.
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Re: Question about a lawyer...
Real estate attorneys and the real estate process in general varies greatly depending on your area.
In NY we are an attorney state, attorney's draft contracts, do the closing, etc., they can charge about $1600 here. Well worth it IMO.
Speak to your Realtor and ask.
Normally we would have used a lawyer, but we're buying a foreclosure and buying the property "as is" so nothing could be changed. Also it's in the P&S that they needed to deliver a clean title with no outstanding money owed.
Our closing is Friday and my bank's lawyer will be there
This is local custom. Speak to your agent about how it's done in your area.
In some states, it's illegal to close a real estate deal without an attorney. In other states, RE attorneys are never used in a regular sale (only in ones where there are serious title issues or other highly complex problems).
Keep in mind that this is a national board and that what you read here will not always apply to you.
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