Interview of Real Estate Attorney Murdo Smith by Connecticut Real Estate Broker Steve Schappert
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What do you charge, and what can I expect for this service?
It’s important to understand the attorney’s fees upfront, so you know exactly what’s included in their service. This usually covers everything from document review to overseeing the closing process. -
How many times should we meet during the process?
Depending on your specific transaction, the number of meetings can vary. Typically, you’ll meet at least twice—once for an initial consultation and then again before closing. -
Can you explain the lawyer’s fees and disbursements?
Lawyers often charge a flat fee or hourly rate for services, in addition to any out-of-pocket costs they incur, such as filing fees or courier services. Understanding this breakdown helps ensure there are no surprises. -
What is the cost of title insurance?
The cost varies depending on the sale price of the property, but title insurance is essential to protect both the buyer and the lender from any title defects or legal claims. -
What should I bring to my appointment on closing day?
Make sure to bring your identification, a certified or cashier’s check for any required funds, and any documents related to the mortgage or property sale that were discussed. -
What is the settlement statement?
The settlement statement outlines all of the financial details of your transaction, including closing costs, taxes, credits, and debits. It ensures both parties are clear on the financial exchange. -
What do I need to know about closing if I’m buying a condo?
There are unique considerations when buying a condo, including reviewing the condo association’s rules, bylaws, and financials. Understanding your rights and responsibilities as a condo owner is crucial. -
When will I receive my keys on closing day?
Typically, the keys are handed over once the transaction has been officially recorded. However, this may vary depending on specific circumstances, such as whether any funds are held in escrow.
The easiest way to get a hold of Murdo is to contact his highly capable paralegal.
Vanessa Lindo | Paralegal
GREENE LAW, P.C.
11 Talcott Notch Road | Farmington, CT 06032
t: 860-676-1336 ext. 220 | f: 860-254-6361
[email protected] | www.greenelawpc.com
