If you're thinking of buying a house or condo in Ontario, you'll need a real estate lawyer to help represent you. Overall, a lawyer's job is to protect your rights by making sure that all the terms of your agreement of purchase and sale are complied with and that you receive a clear title to the property.
If you are buying a home in New York, you will need to hire an attorney to negotiate the contract of sale and to represent you at the closing.
The attorney who directs the real estate closing process in Georgia represents the lender, not the buyer or seller. However, although the closing attorney represents the lender in the transaction, he or she has a responsibility to all parties involved to complete the closing in an efficient manner.
around $2000 to $3000 per purchaseWhat's an average price for a real estate attorney's fee in NYC? The real estate attorney's fee is generally a flat price — around $2000 to $3000 per purchase for a “normal” transaction. An attorney's fee will drop in areas outside of NYC such as Long Island or the Hudson Valley.
THE OFFER. When making a purchase you need to make an offer to the vendor. If the property is being sold through a real estate agency, the agent will usually prepare the offer on your instructions. If the property is being sold privately, you will need to instruct a lawyer to prepare the offer.
In the State of Georgia, it is required that an attorney perform the closing process. The attorney's role is to ensure that all documents are properly prepared and that title is clear. The average cost of closing is $500-$1,000 and is usually paid by the buyer. However, as with other fees, this can be negotiated.
Georgia Law Requires Georgia law requires a licensed attorney to close all real estate transactions. In other states, the title company handles the closing and matters pertaining to escrow.
While the process of buying property is basically the same in all US states, local law does have an impact. For instance in Georgia (and in South Carolina) the closing must be conducted by a licensed GA real estate attorney, who is effectively a real estate specialist.