Whats cosidered avrage price for Attorney in NJ

Whats cosidered avrage price for Attorney in NJ

Member since 2018 · 4 posts · 0 votes

Hello Everyone on BP.

I'm in a commercial real estate transaction, and my attorney is charging a fee of $2500 for closing,  Does anyone know the average attorney fees in new jersey?

Am I overpaying or is this standard.

Thank You 

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Rental Property Investor · Northern NJ · Member since 2016 · 341 posts · 144 votes
8y

@Jessica Zolotorofe usually the attorneys that still charge below $1,000 are not yet using email.

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  • Attorney · NJ · Member since 2016 · 1k+ posts · 794 votes
    8y

    When you say "commercial", do you mean retail kind of commercial or multi-family? Is it conventional or hard money financing? What part of NJ?

  • Member since 2018 · 4 posts · 0 votes
    8y

    Hi.

    It's a 4 unit plus a retail, a conventional transaction, in Jersey City bayonne border.

  • Rental Property Investor · Northern NJ · Member since 2016 · 341 posts · 144 votes
    8y

    it depends on the complexity of the transaction. 

  • Investor · Jersey City, NJ · Member since 2015 · 304 posts · 48 votes
    8y

    I think it's overcharged, how much complex it can be?

  • Member since 2018 · 4 posts · 0 votes
    8y

    Its not a complex deal at all it's a quite standard, so I guess I am right feeling burned.

  • Attorney · NJ · Member since 2016 · 1k+ posts · 794 votes
    8y

    Depends on where in NJ. For a regular residential purchase or sale, no corporate formations, not a foreclosure or short sale, nothing out of the ordinary, then $2500 is expensive.  Not outrageous, but a lot. Some older solo practitioners still charge $950 or $1,000 but they are often very slow and non-responsive from my experience. $1200-1500 is probably more average with $2500 being on the high end. 

  • Rental Property Investor · Northern NJ · Member since 2016 · 341 posts · 144 votes
    8y

    @Jessica Zolotorofe usually the attorneys that still charge below $1,000 are not yet using email.

  • Attorney · NJ · Member since 2016 · 1k+ posts · 794 votes
    8y

    @David Lichtenstadter Yes, and typewriters to draft letters they mail to you and you don't get for 3 days. It's the bane of my existence! 

  • Specialist · Delran, NJ · Member since 2016 · 2k+ posts · 951 votes
    8y

    @Marko Cool out of curiosity do you have a previous working relationship with your attorney?

  • Member since 2018 · 4 posts · 0 votes
    8y

    No I haven't worked with him in the past.

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