Tuesday, January 28, 2014

Real Estate Closing Fees - Be Wary of Hidden Charges

Real Estate Closing Attorneys in North Carolina typically charge a flat fee for the legal services they provide as part of a real estate closing.  Real Estate Closing Attorneys typically have different flat fees for different types of transactions.  Real Estate Closing Attorneys may charge one flat fee for conducting a residential real estate purchase closing, and a different flat fee for a residential real estate refinance closing.  Most Real Estate Closing Attorneys charge still different fees if a closing or refinance transaction involves commercial real estate.

For a prospective client surveying closing attorneys, there are several factors to keep in mind.

  - When asked to quote their fee for a real estate closing, many attorneys will quote a seemingly low attorney fee for closing, but will add courier fees, title fees or document preparation fees to his/her fee at closing.  It is important to inquire up front if there are additional fees said attorney may charge in relation to closing.  At the law firm of McCullers, Whitaker & Hamer, PLLC, we quote a flat fee that is all-inclusive.  We do not charge hidden fees.  

- Be weary of an attorney whose attorney fee is significantly lower than most other attorneys in your geographical area.  In Wake and Johnston counties, there are a large number of law firms who offer to perform real estate closings.  Some attorneys attempt to charge a very low fee for their services, but, in return, must do an extremely high volume with little support staff as a result.  McCullers, Whitaker & Hamer, PLLC, maintains a robust staff of paralegals, assistants and attorneys to ensure our clients real estate transactions are professionally handled.

- Your seller, lender or real estate agent may refer you to a particular law firm to perform your real estate transaction.  In North Carolina, the Buyer has the absolute right to choose their real estate closing attorney.  In North Carolina, the closing attorney represents the Buyer.  Do not let a third party select the attorney who will represent you, instead make an informed choice.  Call the law firm of McCullers, Whitaker & Hamer, PLLC.

The attorneys at McCullers, Whitaker & Hamer, PLLC, have closed tens of thousands of residential and commercial real estate transactions.  The law firm of McCullers, Whitaker & Hamer, PLLC, maintain fully staffed offices in Garner, Clayton and Cary to better serve the citizens of Wake and Johnston counties.

2 comments:

Unknown said...

Thanks for sharing this. I didn't realize that there could be so many fees. I'm hoping to get my friend some help with his closing procedures. They want to finalize the purchase by next week! Thiago | https://siclosings.com/ClosingProcess/Default.aspx

Unknown said...

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