Fort Lauderdale, FL · Member since 2017 · 6 posts · 0 votes
Hello,
I am new to everything and doing my best to learn. We are located in South FL and our offer on a single family primary residence was accepted, yay. My lender suggested hiring a title attorney, and my realtor says I don't need one in S. FL it will be a waste of $.
Since I am a super newb, I am also now confused and not sure what to do. Can someone tell me what is more common to do here in S. FL
Qualified Intermediary for 1031 Exchanges · St. Petersburg, FL · Member since 2013 · 9k+ posts · 9k+ votes
8y
@Maya W. because of the great I-95 migration many business practices of NY/CT have made their way to the east coast of FL and in particular Ft Lauderdale and Boca/palm beach etc.
One of these practices is that of attorney representation and attorney closings. However this is only practiced in very few parts of the country and a very few parts of the state. The vast majority of closings are handled by a licensed title company.
If your transaction is problematic at all then by all means you'll want legal representation. But for a standard real estate closing most will simply use a title company. A reputable real estate firm near you can give you some good recommendations.
Qualified Intermediary for 1031 Exchanges · St. Petersburg, FL · Member since 2013 · 9k+ posts · 9k+ votes
8y
@Maya W. because of the great I-95 migration many business practices of NY/CT have made their way to the east coast of FL and in particular Ft Lauderdale and Boca/palm beach etc.
One of these practices is that of attorney representation and attorney closings. However this is only practiced in very few parts of the country and a very few parts of the state. The vast majority of closings are handled by a licensed title company.
If your transaction is problematic at all then by all means you'll want legal representation. But for a standard real estate closing most will simply use a title company. A reputable real estate firm near you can give you some good recommendations.
Real Estate Agent · Ormond Beach, FL · Member since 2017 · 215 posts · 158 votes
8y
If you are purchasing with a reputable realtor, a title company should be all you need. I would consult an attorney on any for sale by owner transactions.