The bank’s attorney does NOT represent you.

August 17, 2008 | Filed Under Boston Condos, Boston Real Estate 

Smacking down tens of thousands of hard-earned dollars for a tiny piece of Boston real estate brings some people to rethink their finances. Once buyers realize how much it actually costs to purchase a home…yes, there are actually closing costs…they begin attempting to save money where ever possible. I would like to drive home the point that there are some things you should absolutely NOT skimp on. The most important is a great Boston real estate attorney. You are making what is most likely the largest purchase of your life (or at least it is pretty high on the list). A real estate attorney is there to protect you and your purchase. Wouldn’t you pay $1500 to protect the 5 percent desposit you plopped down at Purchase & Sale? I would and I did. As a seasoned agent, I have seen plenty of purchase and sale agreements. I also have seen great real estate attorneys save my clients’ backside when times got tough. Think of it as insurance.

 One other point…if you do not know a great attorney, ask your Accredited Buyer’s Representative. Don’t use the attorney your bank uses for their closing “because it is free”. Believe me, nothing is free. You can always ask that your mortgage company use YOUR attorney so you won’t incur a double charge, but not vice-versa. The bank’s closing attorney represents the bank, not you. Your attorney can do the paperwork for the bank, but represent you. Protect your investment…unless, of course, you can afford to kiss it goodbye.

Share This

Comments

Search

As Boston Real Estate professionals, our mission is to provide you with the best home-buying or home-selling experience in Boston. Search MA properties through MLS on our website, www.bushari.com. We pride ourselves on exceptional customer service, and look forward to sharing that service with you.

Bostonian Lofts is the premiere website for information about Boston Lofts. Read about Boston Loft Developments and how we can help you purchase or sell your Boston Loft.

We write the quarterly Boston Real Estate Market Report to help our clients better understand the real estate market in some of Boston's most popular neighborhoods. The Boston Real Estate Market Report breaks down the real estate market of each Boston neighborhood into categories based on the number of bedrooms. The report gives clients a detailed look at localized market trends. Subscribe for FREE today!

MLS Search

Property Types

Condo / Townhouse Single Family Multi Family Commercial Land All     Attributes Parking Fireplace Waterfront Pool Penthouse Full Service Price / Region Any Price 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000 550,000 600,000 650,000 700,000 750,000 900,000 950,000 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000   to  Any Price 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000 550,000 600,000 650,000 700,000 750,000 900,000 950,000 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 10,000,000+ Select an Area Any Arlington Belmont All of Boston Allston Back Bay Beacon Hill Brighton Charlestown Chinatown Dorchester East Boston Financial District Fort Hill Hyde Park Jamaica Plain Leather District Mattapan Midtown Mission Hill North End Roslindale Roxbury Seaport District South Boston South End The Fenway Theatre District Waterfront West End West Roxbury Brookline All of Cambridge Agassiz Cambridge Highlands Cambridgeport Central Square East Cambridge Harvard Square Inman Square Kendall Square Mid Cambridge North Cambridge Porter Square Riverside West Cambridge Chelsea Dedham Everett Framingham Lexington Malden Medford Milton Natick Needham All of Newton Auburndale Chestnut Hill Newton Center Newton Highlands Newton Upper Falls Newtonville Nonantum Waban West Newton Peabody Quincy Revere Somerville Waltham Watertown Wellesley Weston Advanced MLS Search