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t1_ja9ccmg wrote

I paid around 1600 six years ago. I remember the quotes I got were all within range of each other. Probably call around and get the rates then decide, as I'm sure my experience is a bit outdated.

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t1_ja9ewux wrote

Replying to Puzzlekitt (#2,070,746)

I saw over $2k, and as little as $1k calling a few. Yours seems pretty in line with what I’d say is average. I think I spent around the same.

It really depends on the transaction. Foreclosures, title issues, legal issues the HOA is encountering, even some easements may mean you’ll need a lawyer to really dig into what you’re getting involved in. There’s a premium for that.

For a typical closing? 1500ish seems about right.

Regardless, you’re talking a fraction of a percent of the purchase price. No need to cheap out or bargain shop. IMHO just pick the lawyer who spends a few minutes asking some good questions about your purchase and sounds like they’ve got something to offer. They’re literally the only person who’s acting on your behalf in the transaction. And you’ll deal with them a bit. So someone you feel has your interests in mind, and feel comfortable working with is worth an extra couple dollars.

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t1_ja9i1b3 wrote

Most will be $1500-$2000 flat fee for buyers

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OP t1_ja9l2fw wrote

Replying to pixel_of_moral_decay (#2,071,481)

I appreciate you saying to not cheap out on the lawyer at a fraction of the cost of the purchase, that put things into perspective. My real estate agent recommended someone to me so if the price is not outrageously higher than the rest, then I wouldn’t even shop around further. I rather go in recommendation than not.

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t1_ja9ul5n wrote

Just paid $2500, but mine ended up having some extensive back and forth towards the end with the seller over some repairs

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t1_ja9ygh1 wrote

Also, check to see if your employer offers an employee legal plan. If so, a real estate lawyer through your employee legal plan could be much less

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t1_jaa0toe wrote

$1650 flat rate, bought last summer. I called several lawyers recommended by our realtor and they were all within $50 of each other.

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t1_jaa0v3r wrote

For that type of transaction, you'll probably get one to work for a flat fee with half up front.

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t1_jaa3i3n wrote

1500 - should be closing in a couple weeks.

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t1_jaanqhg wrote

i called around, between 1200-1800 out of the 6 or 8 folks i called

some will take a legal plan if you have that through work so it could be free

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t1_jaaxpzm wrote

I paid a flat fee of 1500 about 1.5 years ago.

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t1_jackexj wrote

1600 flat rate with $250 fee if you complete attorney review but cancel transaction

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t1_jaczf61 wrote

Replying to pixel_of_moral_decay (#2,071,481)

This. Your realtor is NOT a fiduciary, nor do they have any legal requirement to act in your best interests (and it is in their best financial interests to align with the listing agent on most matters). Your lawyer is the only person who is truly in your corner during this transaction.

That said, $1200-$2000 is about right for a standard, residential closing (I probably wouldn't go with your realtor's rec).

EDIT: OK, I misspoke due to my disdain for the real estate industry. Yes, realtors do have a nebulous legal obligation to "act in the best interests" of their client--as does any fiduciary. But see comment below as to why they rarely do.

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