Originally Posted by BUM
There you have it MJ. $4K is way over the top. Small town* $500-$1000... NYC? Go get a small town lawyer. Have the closing in the small town,*
I live in NYC, for my house it is $1250, however my union just sent me a benefit that it would cost $900 for closings.
When you think about it, the contract is usually boiler plate, so the attorney simply adds a line or subtracts a line to fit the case, it's no big deal.
And no way Jose should you pay anywhere near 4k, or 2K,
In closing on a sale your main concern is that the funds are ok but if they are not, then you simply take the house back. The purchaser is obligated to fulfill his part of the contract, and that is to PAY you, otherwise the house reverts back to you. I know someone will give me flack on this one.
No need to worry much. The Buyer has to worry more about what's wrong with the house, and usually has to buy Title insurance to make sure there are no liens on the property. You just take the cash and leave the old headache to the other guy.