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do you need a lawyer at closing and how much does one cost?

  • April 07 - Hamilton Township
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Answers (5)

In NJ you do not NEED a lawyer, but it is recommended that you have one (you shoudl be given a form called "Opinion 26" that explains this.).

Real estate closings are handled differently throughout the state.
In the northern part, where I am, we routinely use attorneys to handle our closings.
In the mid and southern parts of the state, often the Title Company will handle the closing.

Ask an agent what is customary and usual in your area.

Here, the legal fees can range from $1000 - 1500 depending on the attorney - the buyer will usually pay a bit more than a seller.

The attorney will work with you right  from contract signing, through the NJ 3 day  attorney review period........through inspection decisions............... and to the final closing table where he or she will go over all the paperwork and explain what the numbers mean on the HUD form.

We usually close at the buyer's attorney's office, but that can change.

Hope this helps - please make sure you check with a local agent to see what is typical in your area.

Best wishes..........
  • April 07
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User7152358, If you need to ask the question you need an Attorney. Regards,
  • April 07
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I have yet to see a borrower go un-represented in your area.  Typically an attorney will charge between 800-1000 to do their work.  If you would like to contact me through my profile we can discuss some ways to limit your out of pocket expenses.
  • April 07
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Profile picture for Matt Hiatt
Each state is different. Here in Arizona, we do not normally use lawyers, our transactions are done through title companies. I have been doing real estae since 1995, and although my clients can use lawyers for advice if they choose, I have never had one do so.
  • April 07
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You choose to not be represented, however most agents and brokers will recommend that you select attorney as we are not allowed as agents to offer legal advise. The cost is minimum and most attorneys
charge $800.00 to a $1,000.00.  The expense from closing costs come in on TILE INSURANCE which is required in the state on New Jersey. If you have any additional questions, I can be reached direct at [Content removed by Zillow Moderator. Please see our Good Neighbor Policy]
  • April 07
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