Why would you not want an attorney - for around $500-600 you have someone looking out for you in what will probably be one of the largest investment/purchases you make in your life - it could be a very costly mistake on your part to not have an attorney. Your agent should be able to explain the benefits of an attorney to you - and if you don't have an agent perhaps you should get one. Make sure your attorney deals with Real Estate transactions on a regular basis.
I think Fred nailed it (the answer) wonder why someone would make that request of you also.
You are talking about a large financial commitment and signing away a powerful tool to help protect yourself is as Fred put it...
"That sounds insane. "
Thumbs up Fred and IMHO you should also get Best Answer..
Dunes
I am not an Attorney and I am not in Connecticut...
Waive your rights to an Attorney? That sounds insane.
WHY would you do that? Who would ask you to do that, and why?
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Hi Leah,
You do not need to have an attorney personally represent you in the home buying process, although I would strongly not recommend that course of action. However, you do need an attorney for the closing, which would be the seller's attorney if you do not have your own attorney. In Connecticut, mortgage companies and lenders require you to use an attorney to verify that title is good and that there are no outstanding liens against the property. The State of Connecticut strongly suggests that the buyer should retain an attorney to represent them. It is the attorney's responsibility to protect his or her client's investment in the property and to protect the buyer from unpleasant surprises from a legal or financial standpoint.
Thanks,
Dahlia Madison
Weichert Capital Properties
Email: fairfieldcountyhomes@gmail.com
Phone: 1.203.883.9170
Attorneys generally charge between $850 and $1200 depending on how much work needs to be done. The attorney will review the sales contract, do a title search, stay on top of the mortgage contingency (as we also do) and really represent your interests in the purchase. I would recommend retaining an attorney to represent your rights.
Although I don't recommend it, you may save money by using the sellers attorney. Attorney cost are very minimal compared to your home purchase risks. in the Litchfield county area attorney fees are $550-750. I have seen it where the attorneys draw up all the changes and addendums required (which Realtors normally due at no charge) and charge $250 per form totally up to $1300. Again, I don't recommend NOT using an attorney.
Wow! You are kidding, right? Altho I have heard there are some states where you don't need an attorney to represent you....
Without an attorney representing your interests, .you are putting you and your family at such risk if you don't.....the title must be clean, liens satisfied, boundaries legal, etc. etc.
You could, but why would you want to? Do you know how to do a title search? How about title insurance? Will you know where to purchase it? Are you familiar with all the necessary bank documents and paperwork involved? Will your bank even allow you to be unrepresented? You are much better off having an attorney take care of all of the intricate closing details? Good luck!
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