TOPIC: Life before HI

Is it cheaper?  lol

Are you guys serious? You buy homes for hundreds of thousnads of dollars and don't use lawyers to make sure the deal is legal and done right?

Do you use lawyers if the folks that sell you the property don't own it?

Yup, serious. The loan companies pull the titles and check all the docs. Although my Dad's an attorney so I have him look over my stuff but as far as I know getting an attorney involved around here is rare.

It's cheaper - you save the realty fee (6-7%) and the lawyer insures that all the jots and tittles are complete.  We hired a private real estate attorney in addition to the title company's people.  It's cheaper over all.

Realty Fee is 6-7% where you are? It's only 3% here for buyer and 3% for seller. But you're saying you're not using an agent at all. So you're doing your own selling.

Most agencies charge the 3% plus 3%.  There is a company called "4% Real Estate" which does the whole transaction for that.  They are small and don't seem to get a lot of business, I guess because people perceive that if you are cheaper you can't be better.  ReMax charges 7%...

7% just to the BUYER? Out here usually the buyer/seller each have their own agent and are each paying 3% to their respective agent.