When we bought a home in New Jersey, in 1997, we had to hire a lawyer to buy our home and to sell our home. In 2002, we bought a house in Texas, without a lawyer. What is the difference in needing a lawyer in NJ and not needing one in Texas?
2007-11-05 14:03:53 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
I have wondered why it is in some states that everybody brings a lawyer with them to close a real estate transaction. I've practiced real estate in San Antonio now for 15 years and have yet to have a client bring a lawyer to a transaction - or even been involved in a transaction where either party was represented by a lawyer.
2007-11-05 16:02:09 · answer #1 · answered by teran_realtor 7 · 0⤊ 0⤋
Who told you had to have a lawyer in New Jersey? Just guessing here, but the difference could be the real estate agent. Realtors are not allowed to practice law, but depending on their particular experience and point of view, they may push a client more or less toward hiring a lawyer, particularly if it's your first transactions.
It could be that your Texas Realtor is not as hot on using lawyers, or believed you had the experience to do it on your own.
2007-11-05 22:54:37 · answer #2 · answered by Real Estate CFO 4 · 0⤊ 1⤋
A real estate attorney helps for property sale and purchase and follow up that rules.
A non real estate attorney can be social attorney, they handle public issues and divorce cases.
2014-08-05 01:50:44 · answer #3 · answered by Anonymous · 0⤊ 0⤋