Will a title company suffice, or do you need a RE lawyer?

[Ingrid J.]

Hi guys,

Me and my fiance will be buying our first multifamily in Jacksonville FL next year. We've been interviewing real estate agents, and recently asked them whether or not we needed a real estate lawyer to review the purchase. We were told that we do not, since they have the title company look over the contract and make sure everything is in order. I have a sneaking feeling I am being a little naive by accepting this explanation which seems vague. Does anyone know what's common? And does it depend on which state your in? I would highly appreciate any input on this, especially if you've bought multis in Florida. 

[Vincent Incopero]

@Ingrid J. you get what you pay for. Attorney's (SHOULD) bring value to the transaction. The title company employees are not attorneys and cannot advise you. @Glen Friedman's advice is prudent and @Jhon Restrepo's experience is just one of the MANY reasons you PREFER to hire an attorney even when it is not the norm/customary practice. Better to close with confidence and certainty that to follow the lead of a 3rd party who has no ethical or fiduciary obligation to you. I have represented many investors who were conducting business from abroad or outside of their home state and I know that they have slept better knowing that they had someone who is licensed, trained, experienced and INSURED in their corner making sure that things were done properly, the first time around.