Who Hires the Closing Attorney?

Buying or selling a property can be tricky, and there’s a lot of legal stuff involved.

Getting the right professional to help you is a smart move.

People usually think of lawyers for bad stuff like crime or divorce.

But when you’re buying a home, having a real estate closing attorney can make things easier.

They handle the boring paperwork, so you can concentrate on your new home.

This article will explain who hires the closing attorney and why it’s a crucial decision in real estate transactions.

Learn about the roles they play and how they ensure a smooth and fair deal for both parties.

An Image of a Closing Attorney
Who Should Hire a Closing Attorney? Photo Source (Freepik)

What is a Closing Attorney?

Closing attorneys help make buying or selling a home easier.

They represent either the buyer or the seller during the closing process.

Without them, both parties wouldn’t have someone to look out for their interests.

Sometimes, a closing attorney advises escrow agents and clients of real estate agents.

If you’re about to close a property deal, the terms “closing attorney” and “real estate attorney” mean pretty much the same thing.

Who Does the Closing Attorney Represent?

When buying or selling a house, both the buyer and the seller can hire a closing attorney to help them.

The attorney can act as a fair middle person for both sides.

If there’s a mortgage involved, the attorney can also represent the lender.

But the main job of a closing attorney is to make the complicated closing process easier, not just to represent the buyer or seller.

Who Chooses the Closing Attorney?

Who picks the closing attorney depends on where you are.

Usually, it follows state laws unless it clashes with federal laws.

For example, in Georgia, when you buy or sell a house, it’s usual for the buyer to choose the closing attorney.

The seller can discuss this, especially regarding the buyer’s closing costs.

But in Pinellas County, Florida, it’s the seller who decides on the closing attorney.

It’s really up to the people involved.

Since both the seller and buyer benefit from the attorney, they should pick someone who works well for both.

Who Hires the Closing Attorney?

When you’re buying or selling a house, a real estate agent usually helps with the contract.

But it’s a good idea to also hire a closing attorney, especially in more complicated situations like:

  • Buying property in another town, state, or country.
  • Dealing with a tricky issue in the property.
  • Selling a property as part of a divorce.
  • Selling a property with financial problems.
  • Buying property in a special sale, like an estate sale.

How Much Does a Closing Attorney Cost?

Getting a closing attorney is good, but it costs money.

In the US, most of them charge between $150 and $350 per hour, depending on how experienced they are.

Some may have fixed rates, ranging from $500 to $2000, based on the job’s complexity and the property’s value.

Conclusion

Even though hiring a closing attorney costs money, it’s usually a smart choice because they provide a lot of value.

Your closing attorney can check your contract, organize paperwork, and negotiate the best deal for you.

They’re there to protect your interests and guide you through the process.

Further Reading!