Is it a good idea to use the same lawyer as the seller at a closing? -

I am buying a condo. I recently spoke to someone at my realtor s office and he told me that it is not a conflict of interest to use the same lawyer as the seller. Is this true? Would the lawyer also be looking out for my best interests? Would using the same lawyer make things any easier?

There is no conflict of interest because the lawyer is not representing the seller!!! The lawyer is representing the lender! If you don t believe me give him a call and ask for yourself. One lawyer is 100% common at a real estate closing, in fact in my entire career I have never been to closing with more than one..

This is never a good idea. I don t know your realtor, but he sounds fishy to me. Realtor s represent the seller in all cases, with the exception of a realtor who contracts with the buyer to help find a house. This rarely happens, and costs the buyer money for the realtor s service. The realtor gets paid by the seller, and wants to sell the house for the highest possible price since the pay is commission based. With that being said, a lawyer is the in the same situation. A lawyer cannot represent both sides of a divorce, how would they represent both sides in a real estate deal? There would definitely be a conflict of interest. There is nothing to be gained by using the same lawyer as the seller. The lawyer will have to do the same amount of work, and file all the same paperwork with the appropriate agencies. Find your own lawyer, and be careful with your realtor. Good luck!

I would get my own attorney

get your own lawyer.

You don t want to use the same realtor and you really don t want to use the same lawyer. Both cases show a conflict of interest. Find your own lawyer.

if the lawyer is the same as the sellers, theres no way that this lawyer would have your best interest in mind. when in doubt, throw it out. :)

no you need your own representation

It is a conflict of interest. It may not be illegal, but it is a conflict. If you are in a lawyer state (a state where the contracts must be done by a lawyer and not a Realtor) then that lawyer is representing the client he is writing the contract for. If you are not familiar with buying property or legal paperwork, get your own representation.

WOW! Is your Realtor licensed??? Make sure you check them out before you finalize anything. It is not only a conflict of interest , but it is illegal in some states. The lawyer will always be looking out for their best interest and so will the Realtor. Sounds like they are trying to get more profit out if this deal. I would call a law office for a free consultation on this matter.