From: "TKM" 
Newsgroups: misc.consumers.house misc.invest.real-estate
Subject: Re: Do I need an attorney? Please advise!
Date: Thu, 05 Oct 2006 14:43:43 GMT


 wrote in message 
news:1159984944.520717.93840@h48g2000cwc.googlegroups.com...
>I am about to begin the closing on a new home purchase. A friend of
> mine who has closed on 3 properties in the past is recommending that I
> dont waste any money on an attorney, as he will be happy to go over the
> numbers for me.
>
> This is a brand new development and we used a standard contract
> downloadable from the MLS website.
>
> Does anyone think it would be a big risk not getting representation?
>
> Thanks.

Yes, get representation.  I've done it on 3 houses now and it's been worth 
the cost each time.  State and local laws are full of provisions that need 
to be considered to protect you and "standard" contracts are standard only 
for the seller.

What's the cost of the attorney compared to the total cost of the 
transaction -- a few tenths of 1%?  Even your time reading through that 
stuff -- or handling the mess that could result -- has that much value.

TKM