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 What's the norm in paying lawyer fee (property), subsale property transaction

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gashout
post Mar 5 2025, 03:06 AM

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If you're seller.

I remember my 2% from buyer is taken by agent...

Then once lawyer process everything. And buyer pays another 8% (10% dp). Then the amount will be held in lawyer account.

Once all done. Lawyer will take his portion and give balance (8%- lawyer fee+90%) to your bank account. Consider matter done.

You dont really need to pay lawyer from your pocket. It should come out from the dp of the buyer.. I dont know how much your lawyer costs. Mine is around 2k+ for a 300k+ property and he's professional.

This post has been edited by gashout: Mar 5 2025, 03:07 AM
gashout
post Mar 5 2025, 08:23 AM

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QUOTE(YoungMan @ Mar 5 2025, 08:19 AM)
That is if you use same lawyer as buyer right?
Usually buyer legal fee is more, loan agreement, SPA, MOT half share if not mistaken.
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Yes .i had same lawyer as buyer. If not. It'd be 5k to 6k range.

The lawyer is professional. We as buyer and seller had no issue till today.

 

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