Anyone looking to buy or sell property in the five boroughs should know that legal representation isn’t cheap. Most lawyers charge between $2-3k for a bare home purchase or sale. Yeah, you might see some places advertising “$995 flat rate closings!” but watch out – super low prices often mean you’re getting someone fresh out of law school or bare minimum service.
Meanwhile, more complicated deals cost more. Do you have a penthouse in Manhattan or some fancy commercial building? Plan on dropping $5,000+. The exact amount depends on how messy things get.
Furthermore, and this is just common sense: Talk to your lawyer about money upfront. Get everything in writing – what they’ll do, what they won’t do, and precisely what it’ll cost you. You don’t want surprises when you’re already stressed about buying property.
In witness whereof, remember that good legal work in NYC real estate isn’t cheap, and cheap legal work isn’t good. Choose wisely.
