i know when closing with a attorney as a buyer im responsible for hiring one what about when its time to sell?
@rob-g I try to control who the closing agent is on both transactions, because I know which ones are most competent. Even if I’m not paying for the closing costs on a transaction, I can still steer us toward the best title company or closing attorney (provided I know a good one in the market where we’re working).
If you don’t have a good one in your market yet, you can always check out our community-curated list of investor-friendly closing agents.
@retipsterseth yea I’m in a state where attorney is mandatory to close so I was trying to avoid paying for the attorney on both transactions I researched something that said the buyer is responsible
@rob-g it’s usually dictated by whatever is in your purchase agreement. States might have a ‘norm’ that most people go by, but if the PA clearly states who is responsible to pay for what, this can usually override whatever the established norm is in that state.
@retipsterseth thanks so much Seth makes sense
Typically, the seller is responsible for hiring the closing attorney, but it’s best to check your sales agreement or ask your real estate agent to be sure.
When I’m the buyer I choose. I’m the one before title insurance. When I’m the seller, well now we’re negotiating