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WannaBeAMom11
LIF Adult
Member since 1/11 7391 total posts
Name:
Name
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Are these fees reasonable? Attorney related
Power of attorney $150
Closing atty fees flat fee of $1100
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Posted 6/12/12 9:08 PM  |
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WannaBeAMom11
LIF Adult
Member since 1/11 7391 total posts
Name:
Name
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Re: Are these fees reasonable? Attorney related
Posted by WannaBeAMom11
Power of attorney $150
Closing atty fees flat fee of $1100
Anyone? What have your attorneys charged you?
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| Posted 6/13/12 7:15 AM |
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DumpsterBaby
My compass when I'm lost
Member since 5/11 2210 total posts
Name:
My anchor when I get tossed
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Re: Are these fees reasonable? Attorney related
$1000 flat fee
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| Posted 6/13/12 8:10 AM |
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Re: Are these fees reasonable? Attorney related
$1100 is reasonable in my view. Average in the area where I work is $1100-$1300 for closing. Some charge more, some charge less. But I do think you get what you pay for. Those that charge less (I've heard as low as $700) tend to be closing factories, in my experience, who do not provide any personal attention and are rarely accessible to their clients. I would rather pay a few hundred dollars more for better service and peace of mind.
I think the poa fee is reasonable, too.
Most attorneys charge a flat fee for closing.
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| Posted 6/13/12 8:24 AM |
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jennyal
LIF Adult
Member since 8/07 1430 total posts
Name:
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Re: Are these fees reasonable? Attorney related
my attny fee for puchasing a home is 1500? does that sound too high??
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| Posted 6/13/12 9:59 AM |
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Mrs213
????????
Member since 2/09 18986 total posts
Name:
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Re: Are these fees reasonable? Attorney related
I think we paid $1200
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| Posted 6/13/12 10:11 AM |
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Re: Are these fees reasonable? Attorney related
Posted by jennyal
my attny fee for puchasing a home is 1500? does that sound too high??
No, it's in the range for LI.
I mean, when you hire an attorney, you are not buying a commodity. You are paying for service, experience, etc., so rates vary.
When I closed on my house, we paid around $2000K... My husband grew up in Garden City and this was a friend of his father. I am an attorney myself, but I still thought it was worth every penny to get the expertise and years of experience of this attorney, esp. because there were some bumps with my deal.
Attorneys rates vary based on where they are located... attorneys in wealthier areas with wealthier clientele tend to charge more. Also, it may vary based on whether they are with a firm or a solo practitioner, whether they have an established client base or are just starting out and building a business, etc.
As a buyer, I think it's important to choose an attorney who you trust and are confident in, and whose rates you can afford. If you've done that, it wouldn't bother me if some attorneys charge a bit less (because there are always some who charge more).
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| Posted 6/13/12 10:23 AM |
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jennyal
LIF Adult
Member since 8/07 1430 total posts
Name:
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Re: Are these fees reasonable? Attorney related
Posted by Century 21 Dallow - Christine Braun
Posted by jennyal
my attny fee for puchasing a home is 1500? does that sound too high??
No, it's in the range for LI.
I mean, when you hire an attorney, you are not buying a commodity. You are paying for service, experience, etc., so rates vary.
When I closed on my house, we paid around $2000K... My husband grew up in Garden City and this was a friend of his father. I am an attorney myself, but I still thought it was worth every penny to get the expertise and years of experience of this attorney, esp. because there were some bumps with my deal.
Attorneys rates vary based on where they are located... attorneys in wealthier areas with wealthier clientele tend to charge more. Also, it may vary based on whether they are with a firm or a solo practitioner, whether they have an established client base or are just starting out and building a business, etc.
As a buyer, I think it's important to choose an attorney who you trust and are confident in, and whose rates you can afford. If you've done that, it wouldn't bother me if some attorneys charge a bit less (because there are always some who charge more).
well my home is in queens. we used this attorney thru recommendations when we got our coop. now we wanted to use her again she charges $1500, but another friend recommended someone she used and was happy with him who charges $950.
and this is how my headaches begin 
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| Posted 6/13/12 10:31 AM |
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Re: Are these fees reasonable? Attorney related
Posted by jennyal
Posted by Century 21 Dallow - Christine Braun
Posted by jennyal
my attny fee for puchasing a home is 1500? does that sound too high??
No, it's in the range for LI.
I mean, when you hire an attorney, you are not buying a commodity. You are paying for service, experience, etc., so rates vary.
When I closed on my house, we paid around $2000K... My husband grew up in Garden City and this was a friend of his father. I am an attorney myself, but I still thought it was worth every penny to get the expertise and years of experience of this attorney, esp. because there were some bumps with my deal.
Attorneys rates vary based on where they are located... attorneys in wealthier areas with wealthier clientele tend to charge more. Also, it may vary based on whether they are with a firm or a solo practitioner, whether they have an established client base or are just starting out and building a business, etc.
As a buyer, I think it's important to choose an attorney who you trust and are confident in, and whose rates you can afford. If you've done that, it wouldn't bother me if some attorneys charge a bit less (because there are always some who charge more).
well my home is in queens. we used this attorney thru recommendations when we got our coop. now we wanted to use her again she charges $1500, but another friend recommended someone she used and was happy with him who charges $950.
and this is how my headaches begin
Well, if you weren't super thrilled with the $1500 one, it doesn't hurt to talk to the one your friend recommended and see if it makes more sense to use her. I would interview her to make sure she fits the bill in terms of what you are looking for in an attorney. For example, if you want to be able to pick up the phone and ask the attorney a question, will you be able to? Will you be dealing directly with her or with an assistant? You may want to ask about her experience, or whatever else would factor into your decision.
No harm in looking into it if you feel torn. Maybe you'll decide you want to stay with your original choice, but you won't be wondering if you should have looked into the less expensive one!
If you LOVE the one you are using for $1500 and it's going to stress you out more to start interviewing other attorneys, then just stick with your first choice. I wouldn't make myself crazy for $550, but that's just me.
Remember you have to do what's best for you throughout the process, and then be confident in the decisions you make!
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| Posted 6/13/12 10:36 AM |
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TheLucille2
Yayicanpickmyowntitle!
Member since 6/11 1058 total posts
Name:
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Re: Are these fees reasonable? Attorney related
We just paid 975 for our attny- flat fee and were very, very pleased. FM if you'd like the info.
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| Posted 6/13/12 11:14 AM |
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MrsPJB2007
MBA at your service!
Member since 7/06 12020 total posts
Name:
MJ
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Re: Are these fees reasonable? Attorney related
Our attorney is $950 flat free in Suffolk County.
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| Posted 6/13/12 12:11 PM |
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Re: Are these fees reasonable? Attorney related
$1100.00 flat fee and another $150.00 for POA is reasonable.
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| Posted 6/13/12 1:21 PM |
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