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In NYC (Manhattan) the range is $1200-$2000 for most transactions, complicated ones and higher end ones can be much higher. The boroughs may be lower.
Contrary to what someone said, an agent in NYC is aboslutely allowed to reccomend attorneys, evne just one...they cannot mandate you use them, nor can a seller. Often an agent will reccomend one that is a good fit for you. You may have a 1031 Tax Exchange, An Estate Purhcase, a New Development, etc. Getting the name of an attorney who specializes in your needs is a very good idea; even one who has closed in the building you are buying before who can move things faster. When represeniing a buyer I have used this as a part of the negotiation so the seller knows the deal will be more solid.
I have seen only one Attorney who charged $750 or less (except family attorneys) in my career. I begged the buyer to use someone else. She ignored that and the attorney failed to ask the right questions for the contract. He made a major mistake, because of this the buyer defaulted and lost her $52,500 deposit completely. There was nothing I could do. You get what you pay for, don't cheap out--you need a good NY Real Estate Attorney. I know good lawyers and bad ones, I am careful only to give the names of those who do their jobs, communicate well and look out for the buyer. I never give out the names of those who would just 'rubber stamp' a deal. IF you trust your agent, then go with it, if you are concerned you can Email me and I will pass on a name or two, just let me know the area and price and if it is a Coop or not. No need to give me the address or even your name. Attorneys are not allowed to pay referral fees, it is also unethical. I don't even let them take me to lunch...but I did get a free mouse pad last Christmas from one....LOL
Not to sound mean, but laws are different in every state...what is in Pennsylvania is not what is in NY.
Sun Apr 5 2009, 21:00