There is a vast difference for an attorney between â€œjust doingâ€ a real estate closing versus an attorney protecting the buyers, such as negotiating a price adjustment because of house defects, oil tank problems, (leaky or not), mold, roof, etc. etc. Does the buyer need help with the lender, with the seller, with any tenants, or is it the moving date or whatâ€™s to be left behind and what isnâ€™t by owners? A good real estate attorney doesnâ€™t just â€œdo a closingâ€.
Some attorneys with title companies and some real estate agents just want â€œan attorney to do the closingâ€. Good real estate attorneys, however, will seek to protect you and your investment. Itâ€™s like going to the doctor for a sore throat as any doctor can treat it, but if itâ€™s cancer of the larynx, you want a specialist, not just the local doctor. So also with attorneys, we all can estimate a fee for just the closing, but if there are problems (and most often there are), then expect to pay more. So if you see the cheap attorney fee ads, keep looking. It doesnâ€™t pay to be penny-wise, thousands of dollars foolish in the biggest investment you will ever make â€“ your home.
Our office always wants to meet personally with you to explain the process and answer all your questions, especially about fees. An attorney who just wants to do the â€œclosingâ€ doesnâ€™t usually want to get involved in your concerns and problems because they want to get you in and out. So beware the cheapest quote, you may just get what you pay for â€“ little. We recommend doing it right and getting an experienced real estate attorney, even if it isnâ€™t our office, which serves Northern New Jersey.