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07-22-2007, 02:47 PM
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14 posts, read 53,387 times
Reputation: 11
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Are attorney's necessary for the buyer when making an offer? My father is an agent in south NJ and the buyers and sellers down there hardly ever use attorneys. My agent explained to me today that most north NJ parties use attorneys. Just trying to get a feel whether or not its worth the $1000-1200 my agent indicated lawyers charge. Thanks in advance.
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07-22-2007, 02:55 PM
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Location: New Jersey
10,814 posts, read 15,404,958 times
Reputation: 12030
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From my understanding South Jersey will allow Title Companies instead of an attorney.
Unless you're re-fi your own house, I would highly recommend using an attorney. It's money well spent.
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07-22-2007, 03:19 PM
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Location: Central New Jersey
1,289 posts, read 5,909,559 times
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I agree with MPBSR, a attorney is definately worth it assuming they are good. They can catch things that many buyers would not see.
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07-22-2007, 03:20 PM
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Location: Central New Jersey
1,289 posts, read 5,909,559 times
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Also $1000 - $1200 is rather high for an attorney but then again it is north Jersey. In central NJ they run $600 - $1000.
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07-22-2007, 03:49 PM
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204 posts, read 749,097 times
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You're right-in So. Jersey you can use a title company but with a purchase I would use an atty. Ours charged us $600 for everything he did and it was well worth it. It's too big an investment and you want all your i's dotted and t's crossed.
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07-22-2007, 04:01 PM
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14 posts, read 53,387 times
Reputation: 11
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Quote:
Originally Posted by DodgeViper01
Also $1000 - $1200 is rather high for an attorney but then again it is north Jersey. In central NJ they run $600 - $1000.
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Can anyone recommend an attorney via private message? I'm actually buying in central NJ (union county), I just always differentiate north vs south instead of including central.
One other question, do the attorneys provide any services other than contract review? I assume I still have to find a title company, etc.
Thanks for the help everyone. |
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07-22-2007, 04:10 PM
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Location: Central New Jersey
1,289 posts, read 5,909,559 times
Reputation: 299
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The attorneys do everything from review your contract to work with the title company and accompany you at closing to review the documents before you sign. They work in your best interest. They also correspond with the sellers attorney and get you out of Attorney review so that you do not have to do this. Great asset to have.
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07-22-2007, 06:00 PM
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Location: 32082/07716/10028
1,346 posts, read 2,015,141 times
Reputation: 167
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Quote:
Originally Posted by Paneristi80
Are attorney's necessary for the buyer when making an offer? My father is an agent in south NJ and the buyers and sellers down there hardly ever use attorneys. My agent explained to me today that most north NJ parties use attorneys. Just trying to get a feel whether or not its worth the $1000-1200 my agent indicated lawyers charge. Thanks in advance.
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an attorney is not needed to make an offer, just make the offer contingent on an attorneys review if the offer is accepted |
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07-22-2007, 07:36 PM
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687 posts, read 3,149,199 times
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I'm going to PM you with our attorney's name...
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07-22-2007, 08:26 PM
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Location: Rahway N.J
2,093 posts, read 5,286,614 times
Reputation: 3360
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Quote:
Originally Posted by Paneristi80
Are attorney's necessary for the buyer when making an offer? My father is an agent in south NJ and the buyers and sellers down there hardly ever use attorneys. My agent explained to me today that most north NJ parties use attorneys. Just trying to get a feel whether or not its worth the $1000-1200 my agent indicated lawyers charge. Thanks in advance.
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The attorney comes into play after the offer has been made and accepted
And yes it is worth the money to have your own attorney to handle the attorney review phase and the closing for you.If you did not get enough names already send me a pm and i will add to your list |
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