Most often, the buyer's real estate agent will write up and prepare the purchase agreement for a house. Note that agents (not being practicing attorneys themselves) can't create their own contracts.
Does North Carolina require an attorney at closing?
Is an attorney required for closing in North Carolina? Specifically, in the state of North Carolina, it is mandated by law that the closing process of a real estate transaction is overseen by a licensed North Carolina attorney as it is a practice of law.
Who delivers the evidence of a clear title at the closing?
Closing Process: At ClosingThe closing agent, usually a title company representative, presents all documents to the parties, obtains signatures, and delivers evidence that the title is ensured. Contracts signed include the sales agreement, mortgage loan commitment, and title insurance contract.
Do you need a lawyer for a real estate closing in New York?
If you are buying or selling a home in the state of New York, it is required that you work with an attorney to process all contracts and represent you at the closing. In addition, your attorney will assist you by: Preparing the first draft of the sales contract. Finalizing the contract between the buyer and seller.
Does seller or buyer create contract?
In a usual real estate transaction, the buyer and sellers' agents or attorneys would be the ones involved in creating the legal contracts. However, in FSBO cases, the drafting can go down in one of different ways: The seller drafts the contracts themselves.
How much does a real estate attorney cost in Ohio?
About $251 per hour
For example, an Ohio real estate lawyer typically charges about $251 per hour, whereas a New York real estate lawyer typically charges about $340 per hour. Real estate lawyers' hourly rates can vary substantially depending on the type of client they represent and the type of transaction they represent.