Why $600 for Attorney to Close on Condo?
My friend is gonna buy a condo in Chicago south and the agent found him an attorney who charges 600$ fees for documentation stuff and any other legalities involved.
He would like to know if an attorney is really required and if 600$ justify the charges he is asking ?
Are these normal charges ?
Also what could be closing costs for a 2 br condo in chicago south in Douglas.
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Comments
Its probably because of it being a condo, if anything happens to it and hes/shes in fault, he/she will need an attorney.
Best Of Luck!
~Mandy
You can always do it yourself but that invites mistakes, you might have to miss days from work and can cost you more money down the line.
Incidentally, did you see what the Real Estate Agent is charging? On a hypothetical $200,000 condo, the agents split about $12,000! That makes $600 seem like nothing.
Required? No. But do you want to put your future and the security of your purchase in the hands of the seller?