Q: How much will it cost to use a lawyer, instead of a real estate agent, to buy a home?
I don't want the services of a real estate agent. I do want the peace of mind that everything is done correctly insofar as the sale goes, disclosures by the seller, etc.
A:
If you used a realtor it would cost at least 3% of the price of the home. A $100,000 would cost $3,000. A lawyer would be able to review the contracts and disclosures for less than the $3,000. However, a real estate agent is also there to make sure you are taking all the necessary steps to protect yourself properly.
An attorney is not a real estate agent and the attorney's experience and training may not be well suited for guiding you completely through the process of purchasing a home.
In addition, your home will most likely be the largest asset you ever purchase. Do you really want to try to save a little bit of money when it comes to such an important purchase?
In litigation, I usually find that the home purchaser should have used a real estate agent to get to the point that they are going to make an offer on the house, and then consult an attorney to review the offer before it is submitted.
1 user found this answer helpful
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
