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Brown Cafe UPS Forum
Life After Brown
We're buying a house.
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 520644" data-attributes="member: 12570"><p>The owner is paying all of your closing costs? You may want to double check to see if that includes your lawyer--if it does, then you are all set. If it does not, then you will need to check to see if you are covered by your local. Yes, you will need your own lawyer to make sure your interests are taken care of. </p><p> </p><p>I will give you an example from my own closing as to why having your own lawyer is essential. The seller agreed to pay <strong>up to </strong>$5,300 toward closing costs; however, in our contract, which she signed, it read that she would pay $5,300 toward closing costs. My closings costs were around $4,600 so leaving those two little words out cost her $700. I also submitted the bill for my lawyer, which she paid for, to the union and got a check for $400, so my closing worked out well for me.</p><p> </p><p>Take the time at closing to read everything that they put in front of you, which will be a lot. Don't hesitate to ask if you have any questions. Good luck.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 520644, member: 12570"] The owner is paying all of your closing costs? You may want to double check to see if that includes your lawyer--if it does, then you are all set. If it does not, then you will need to check to see if you are covered by your local. Yes, you will need your own lawyer to make sure your interests are taken care of. I will give you an example from my own closing as to why having your own lawyer is essential. The seller agreed to pay [B]up to [/B]$5,300 toward closing costs; however, in our contract, which she signed, it read that she would pay $5,300 toward closing costs. My closings costs were around $4,600 so leaving those two little words out cost her $700. I also submitted the bill for my lawyer, which she paid for, to the union and got a check for $400, so my closing worked out well for me. Take the time at closing to read everything that they put in front of you, which will be a lot. Don't hesitate to ask if you have any questions. Good luck. [/QUOTE]
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