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How to Save on Legal Fees When Buying a Home in NJ
In my last post I talked about the importance of having an attorney on your team when buying or selling a home in NJ. https://jamesminer.com/uncategorized/why-you-should-have-an-attorney-when-buying-or-selling-a-home. Legal rights, obligations and questions require legal advice from an attorney. This is important during the contract review, home inspection negotiations, title search and survey review, as well as preparing for the closing.
Hiring an attorney, however, does not have to mean huge legal fees. Here are a few pointers on how to have necessary legal protection while keeping your legal costs down:
Flat fee vs. hourly fees. Real estate transactions can take many hours of lawyer and paralegal time and there is no way of knowing, at the beginning, how many hours will be required. Even the simplest transactions can take a great deal of time if there are unexpected title issues to be resolved or inspection repairs to be negotiated.
While most NJ real estate attorneys charge a flat fee, you could be surprised with hourly fees if you don't ask. If the home is part of a divorce or part of an Estate, and you have the Matrimonial or Estate attorney handle the sale, you may be charged that attorney's standard hourly ... more
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