Who Chooses Closing Attorney in GA Real Estate Transactions?
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Who Chooses the Closing Attorney in GA?
Who chooses the closing attorney in GA real estate transactions? Find out here from a trusted real estate attorney.
Under Georgia law, a licensed attorney needs to be present at the close of all real estate transactions. In other states, the title company may handle the closing and matters that involve escrow.
If you are buying or selling real estate, closing begins when the buyer and the seller sign the final purchase and sale contract.
The purchase contract usually details all the material terms of the agreement, including the closing date, amount of earnest money, the price, and seller paid closing costs.
Who Picks Closing Attorney?
There is usually just one attorney involved in the closing, and in Georgia, the buyer typically chooses their attorney.
If it is a cash purchase, you will typically have the right to pick the closing attorney. However, the buyer’s lender will pick the attorney in instances where you are funding a purchase using a mortgage.
Still, it is essential to note that the lawyer who closes the transaction usually has a responsibility to all parties involved. Both buyer and seller can also hire their own attorney to represent them and review the documents before closing.
Typically only one attorney is required to do the closing disclosure.
If you are looking for a lawyer to handle your real estate transaction in Georgia, you should contact Faulkner Law today. We have a lot of experience in real estate transactions, and our goal is to help you conduct your transaction as smoothly as possible.
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