We have not purchased a house in 15 years. Times have changed. We have already negotiated all the purchase and lending terms. Do you think it's necessary to have someone represent us at the closing?
2007-11-14 11:02:27 · 9 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Depending on where you live. Some states requires an attorney to oversee a closing and others only need title agents. There is no need to have a lawyer present because before the closing your realtor/loan officer should have explained all of the costs to you. I would have your agent there, they get paid at closing so there is no reason they shouldn't be there.
2007-11-14 11:13:53 · answer #1 · answered by Xiao C 2 · 0⤊ 0⤋
You should be fine as long as you're familiar and aware of all the terms on your contract. Lawyers are employed by the title company to make sure you have clear title. The escrow agent will go over everything with you on your Hud-1.
It's never a bad idea to have your own attorney for peace of mind. Just know that they'll need to get paid.
Good luck.
2007-11-14 11:39:31 · answer #2 · answered by Anonymous · 1⤊ 0⤋
in case you want to pay a variety of of money use a criminal professional. in case you do not favor to pay something use a good realtor. the organisation will pay the fee and the real resources agent might want to help you in negotiations and could no longer cost you want a criminal professional might want to. The identify employer has criminal professional's which will cope with the identify search for and the ultimate. you'd be in basic terms positive using a realtor!
2016-10-24 06:15:11 · answer #3 · answered by ? 3 · 0⤊ 0⤋
No, it isn't necessary. The title companies today are very competent. I would ask that your loan officer attend, just in case something is amiss with your loan package. Otherwise, good luck and happy closing!
2007-11-14 11:50:26 · answer #4 · answered by Anonymous · 0⤊ 0⤋
It is a must. I would not recommend other wise. For your protection, and the sellers. Split the $300 dollars! Just a though..
Scott Rinehart
www.wantthebestrate.com
2007-11-14 11:14:47 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I would have a real estate agent at least. There fees are nomally paid by the seller so it wouldn't cost you anything.
2007-11-14 11:09:48 · answer #6 · answered by Tim 7 · 1⤊ 0⤋
Without a realtor you trust, you only have yourself to blame if you end up getting screwed.
2007-11-14 11:09:08 · answer #7 · answered by TedEx 7 · 1⤊ 0⤋
I would have an attorney. Most of the time realitors don't know a damn thing anyway.
2007-11-14 11:11:27 · answer #8 · answered by Echelon 3 · 1⤊ 0⤋
Your realtor should be there. They get paid at closing so they should be there.
2007-11-14 11:10:41 · answer #9 · answered by Anonymous · 1⤊ 0⤋