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is it a bad idea for the buyer to use the sellers attorney for the P&S agreement?

How much is it expected to pay an attorney to review the P&S?  Can I use sellers atty?
North of Boston area.  
  • June 29 2013 - Merrimack
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Answers (6)

The sellers attorney represents the seller. NH is not an attorney state so a GOOD buyer Broker can write your offer and go over it with you. If you buy without an agent, you should have YOUR OWN lawyer review the contract. 
  • January 26 2014
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The seller's attorney is representing the seller's best interest, and not yours. Knowing that, would you feel comfortable using the same attorney?
  • October 15 2013
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Keep in mind the Seller(s) Attorney is working for the Sellers NOT the Buyer(s).  You should always suggest an Attorney and it is up to the Buyer(s) if they want to hire one.  Good Luck!
  • October 15 2013
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You asked about the cost associated with paying an attorney to review the P&S. There is a range in terms of what attorneys charge. A lot have a flat fee they will give you if you call to inquire about it. I have seen fees that range from $500 to $700 (on average and often depending on region). I would not advise using the seller's attorney.
  • October 08 2013
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You want YOUR OWN attorney. The sellers attorney is just that "the sellers", with their best interest in mind before anything else. When finding an attorney to review your documents and ensure any loan documents co-inside with your understanding of them, make sure you find an attorney that has a background for this type of thing.  Interview several attorneys before you decide who to go with.  It is most important that you get an experienced one that knows what kinds of things to look for in the details. Also find out what the attorneys fees will be and see if you can get him to flat fee his service rather than pay by the 6 minute interval.   
  • June 29 2013
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Using an attorney instead of a real estate agent is legally allowed in many areas. Whether this is a good idea is up for debate as an attorney is an expert in the legal documents, not the real estate market. He/she can tell you if what you are signing is correct as far as the law, but he/she cannot advise you on whether the price you are offering, the time frame you are setting and many other details of the purchase are in your best interest. Because the Sellers pay the commissions, unless it is being requested by the seller, I would have an agent represent you in the negotiations. I deginitely would not use the Seller's attorney either as they are representing the best interest of the seller first, not you.
  • June 29 2013
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