Weichert Realtors Media
267 968 1505
Make sure you hire a competent attorney experienced in real estate. I sit on the Realtor-Bar Joint Liaison committee for Montgomery County. The expertise of both the real estate people and Attorneys on this committe is incredible. Just remember, it is easy for an attorney to draft a one sided agreement that no seller will sign-the difficult agreement to draft is one that accomplishes your goals without rendering it unacceptable to the Seller.
Good luck with your purchase and the cost of hiring an attorney given the sale price is a truly nominal cost.
Robert C Weiss
Coldwell Banker Hearthside Realtors
For a million dollar purchase, $600 for an attorney is not a huges expense. However, I think it is equally important that you get a good Realtor, a good attorney and a good mortgage lender.Rememeber that all of these should be working for you and helping you attain your wishes.
I have an excellent Real Estate attorney and several Realtors that I use for my investment properties and would be happy to recommend them.
Cornerstone Lending Inc
Southampton Pa 18966
215 953 0800
cell 267 992 7276
VOTED BEST IN BUCKS 2010 & 2012
NMLS ID 143960
Sounds like others have covered your question already, but I would agree with the point that having an attorney review the agreements for the sale, is worth the hourly rate. Additionally, having a Buyers Agent that represents only you, and that you trust, is also key when making a large purchase. There are many details within the offer to purchase that your Agent should cover with you, such as inspections, options for deposit funds being returned, etc.
I would be happy to assist with your search and discuss these topics more in private if you would like to contact me, or email me your number.
Either way, good luck with your search!
If you don't know the home sale process then make sure your Attny does. Get a REAL ESTATE Attny.
-All the Best John +Sheri, RE/MAX - 215-757-2889
If you typically consult with an attorney in your other affairs, then it isn't a bad idea. It all depends on the level of trust that you have with your Buyer Agent. Atthelporney fees can be $150-250 per hour depending upon who you engage. It is also of utmost importance to have a real estate attorney, not a malpractice, family practice, etc.
Should you need any additional help, don't hesitate to ask.
All the best,
Five Star Professional
ReMax Platinum Club and Hall of Fame
ReMax Action Realty
That said, because of the expense and because we use standardized forms in PA, I would begin with your Realtor as they are free to the Buyer. While they cannot give legal advice, they can guide you through negotiations, inspections clauses, inspection repairs, etc.
If at any time it becomes a complex, nonstandard transaction, your Realtor will alert you that it is time to get an attorney.
I do much business at the $1-2MM price point and have represented Buyers both with and without attorneys.
Hope this helps and good luck in your home search.
Eric Axelson, Associate Broker
Kurfiss Sotheby's International Realty
Certainly wouldn't hurt.
The purchase process is not complex enough, perhaps, to need to hire an attorney but to have your council review your agreement of sale and other documents prior to submitting them, review seller's disclosure statement, etc. May be if any negotiation or contract time lines compliance, inspection disputes arise it may be a good idea to have an attorny on retainer. I could recommend one or two.
Please feel free co contact me any time. Would be happy happy to assist.
Dmytro V. Bova
Realty Matk The Diamond Group
Main Line Investors Group
You can also email me with any other questions that you may have.
Selling in Nj and Pa
I cannot stress enough how important it is to run everything by an attorney. Some may disagree but spending the extra money is like a small insurance policy on such a large purchase, especialy a million dollars.
Hiring a reputable agent is just as important.
Tyler J. Morrison